Hi All!
So Nifty presently is going for its third support at 9:40 around. This is just a retracement wave as its driven by Venus. And we are still far from turn date. But yes, the fall is severe.
One thing which I could have done better here is I could have hedged when supports were being taken out. But because of ongoing sluggishness I was thinking it would be just 20-30 points and so its not worth the effort. But nothing can be said about when will markets catch speed and when will they be slow.
But Nifty and BN today will bounce back for sure. I will continue to hold patiently. And if by any chance you exited, go long again at 9:40 today.
So Nifty presently is going for its third support at 9:40 around. This is just a retracement wave as its driven by Venus. And we are still far from turn date. But yes, the fall is severe.
One thing which I could have done better here is I could have hedged when supports were being taken out. But because of ongoing sluggishness I was thinking it would be just 20-30 points and so its not worth the effort. But nothing can be said about when will markets catch speed and when will they be slow.
But Nifty and BN today will bounce back for sure. I will continue to hold patiently. And if by any chance you exited, go long again at 9:40 today.
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Already on the upmove with a gap up opening
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Nifty is skipping Mon-Tue turn date. Instead ogf giving a high ots giving a low. So basically more greeny fays agead.
