NIFTY -22022022 BULLS CAN SEE UPSIDE DOWN

Nifty bulls manage intra-day 17100 area and try bounce above 17300 failed. Close was lacklustre. The cues continue to be bearish to aggressively bearish. Many parts of Index are near 200 DMA and some have broken them. Internationally US, DAX, NIKKI below 200 DMA. It is now turn to UK and India. 200 DMA is under threat. The bleeding yesterday in BSE500 stocks more than 170 are near 3% down. That is the ferocity of the bear move. Some already calling it bubble in NASDAQ. Well it would be day of gap down with big yawn. The selling is any point if the down move is less than 1%. with stops 17120 for move to 16850. Break below 16850 no prizes for guessing. We are going deeper and longer Cash is King.