Nifty Analysis
The Nifty Spot chart as I see it. Do not stay Overtly SHORT for Gods sake. Daily tf has turned up, altough Weekly and Monthly tfs will Put pressure for some more downside. Wait for a Confirmation of a BREAKDOWN below the mentioned levels and ONLY then go FURTHER SHORT. Let us see if the HNS pattern plays out. Take each day as it comes, and Accumulate the Downside EVEN IF WE BREAK 15183 BY SOME STROKE OF MISFORTUNE. THIS MARKET HAS UNFINISHED BUSINESS, FED OR NO FED
Look for BEATEN DOWN STOCKS, Especially from the MICRO/ PENNY SECTOR.
There is a LIKELY ROTAION TAKING PLACE FROM DUMPING CYCLICALS INTO MORE FUNDAMENTAL SECTORS. Be careful of METALS until we bottom out on the NIFTY METAL INDEX. Some Idiots have been shouting to BUY>>>BUY>>>BUY>>>> Tata Steel and other Metal names....... and these are down 5 % ever since I gave you guys the Metal Index chart on Wednesday or so.... Spread out your Buying into Dips. Phase it out
Look for BEATEN DOWN STOCKS, Especially from the MICRO/ PENNY SECTOR.
There is a LIKELY ROTAION TAKING PLACE FROM DUMPING CYCLICALS INTO MORE FUNDAMENTAL SECTORS. Be careful of METALS until we bottom out on the NIFTY METAL INDEX. Some Idiots have been shouting to BUY>>>BUY>>>BUY>>>> Tata Steel and other Metal names....... and these are down 5 % ever since I gave you guys the Metal Index chart on Wednesday or so.... Spread out your Buying into Dips. Phase it out
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