Every big fall or rise has at least two legs. I will await second leg. Even otherwise the corona impact is yet to bloom fully. The lock down has only commenced. My confusion stems from the level 8555 that we have already touched. Do we see it again as price has a habit of revisiting levels before reversing!!! And time wise also a revisit is very likely.
nsraman
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@sanketsudan, I go as per my trend following system . Certain levels ( Weekly and monthly) as per my sytem holds then low is established at 8555. I dont guess but I go by certain levels. contact me at telegram I will share my chart
nsraman
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@nsraman, Monthly chart is also published here. LTL Value 9265 pl see the chart. There is a weekly level also. I track these time zones as Nifty has closed above the LTL in those time zones.
sanketsudan
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@nsraman, Well, it has just taken three days for the Nifty to throw all levels in the wastepaper basket! My fear remains. Though the damage through corona virus may not be much, the powers all over are overreacting as it is the rich who have been affected first. From 2008 experience I would not be surprised if we are much lower down another three months!!! I will be very happy if I am wrong.
nsraman
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@sanketsudan, Oh yu are a genius you should have been hired by a hedge fund