I am looking an sharp drop and Pause in the Market before it makes an One more move up as i have projected here
When any scrip or Indices reaches to an elevated level , usually fear grips the market , Sentiments change with every one , Including Medium and Moderate Investors
But no market crashes in sudden manner , the buying and selling actions takes place in a such manner that no more room for single direction is left
at that given instance market usually makes on sharp move , if its going up side then it will correct to down side and if its going down it will correct to upside
News are used to drive the market , but the preparations are already done before the News , in this also I am looking a very sharp correction where by EOD you will find
rapid change in OI , then the market will start moving in the same direction prior to sharp correction
One can expect the same in this Indices and final face off can be seen after new High in this current structure
I am still positive on 11200 + ,
Trade with your own Knowledge, please dont send me DM asking what to do , trade with less risk
Good luck
Trade active
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this move is slow , Not sharp , still a valid move
“ But no market crashes in sudden manner...”
Are not there enough examples of it? March for instance? And then also a very sharp bounce before slowing down.
JJKids
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16 th july expiry at 19500-11000
Basty
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Let's hope you are wrong.
GurunathSatam
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@ShreeKrishna As always, Nice explanation Sir. Thank you.