CNX 100 or NIFTY 100 (NIFTY 50 + NIFTY Next 50) has formed a triple top on weekly scale....This is a major top and signals a major slide in stocks in the days and weeks to come. Sell your stocks unless you're holding them for real long term. This is not a great time to build a portfolio...don't rush to buy yet.
Stay away from markets...!!!
Another clue -why markets are bearish in coming months along with clues from USDINR-- Nifty--Bank Nifty--India ETF--Dollar Index- How many clues one need- isn't that sufficient.
Fall from 8900 to 8100 was awesome which became aggressive in between with the surgical strike. Likely to travel in the zone 6924 which is the next swing low in the coming months- an...
The index had a double top in the zone 9100-9200 zone- Likely looking to correct as momentum indicators aren't supporting the current leg, which started in Feb-March 2016 from the lows@6924- hence it is very likely that Index could correct & it is standing on our doors.