Nifty still continues to be a bearish grip. Whatever views, I had posted yesterday remains valid even now. To add to it, FII's started selling both in the cash and futures market.
Now remember one thing.....
FII's has purchased some 15ooo crores in cash market over the last 2 months. If they start liquidating it, nobody will be spared even with the DII's trying to support it.
Today, my own indicator SST has generated a 'SELL' signal in the daily charts and that too in the bearish zone. Even the weekly charts have broken intermediate support lines.
So my strategy remains a short on any pullback, given that a gap has been created in today trading.
1 comment:
Sapta sir no offense.....but have look at windows u have opened in windows task bar at bottom(3rd window from left...).....plz do check when u take a screen shots....
Happy Trading....
Post a Comment