You can see that from the time i had mentioned selling at Nifty around 8300 range,
market has failed to move up and started falling and now around 8000 is a temporary
support.
The Support at 8000 can temporarily support but may not be able to hold for long time.
It has already given a bounce one time and tried crossing 8100 but could not sustain.
This may repeat again and probably it may cross 8100 and give a feeling that now it
will start moving up again but this series would see lower levels.
So do not get trapped at any buying. This series would be sell on Rallies. Whenever
market would try to move up and fail, you would get very good shorting opportunity.
We can see levels of 7800 in this series and if it fails to hold, we may see more
blood bath. So hold on with cash for any buying. Once it sustains, there is definitely
a good opportunity to buy for long term perspective.
Banks have almost consolidated for a long time and now after the correction, it would
be best time to invest with them.
market has failed to move up and started falling and now around 8000 is a temporary
support.
The Support at 8000 can temporarily support but may not be able to hold for long time.
It has already given a bounce one time and tried crossing 8100 but could not sustain.
This may repeat again and probably it may cross 8100 and give a feeling that now it
will start moving up again but this series would see lower levels.
So do not get trapped at any buying. This series would be sell on Rallies. Whenever
market would try to move up and fail, you would get very good shorting opportunity.
We can see levels of 7800 in this series and if it fails to hold, we may see more
blood bath. So hold on with cash for any buying. Once it sustains, there is definitely
a good opportunity to buy for long term perspective.
Banks have almost consolidated for a long time and now after the correction, it would
be best time to invest with them.
