kaveetajaain1

Highlighted Weekly Chart of Nifty 2008

kaveetajaain1 Updated   
NSE:NIFTY   Nifty 50 Index
Nifty crashed in January 2008 made a low 4448.50. But the market didn't bottom out till October 2008, made a low 2252.75. The price was 50% lower than January low.
Don't make the mistake of buying this market. There is more pain left. If one wants to buy, Buying should be kept strictly intraday with tight SL.
This is a bear market. Look for an opportunity to sell on rise.
Comment:
Do not sell on decline. High of last week is 10751. We are on the bottom currently
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.