sudden slide in morning saw nifty breaking down below 5300-5328 region and almost testing previous crucial low of 5177.
if in case it doesn't manage to respect 5177 then a test of 5050 etc may be possible. but if any bounce due to oversold nature on near term charts occurs would likely to be restricted to 200-250 points i.e upto 5500 lvl. sharp selloffs in stocks have also taken place.
so where did all the selling come from?
certainly not from cash , the net figure between fiis and diis comes to positive net 341cr !
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and fii derivatives data is not very clear on sell off. so we might get some pullback in near term.
if in case it doesn't manage to respect 5177 then a test of 5050 etc may be possible. but if any bounce due to oversold nature on near term charts occurs would likely to be restricted to 200-250 points i.e upto 5500 lvl. sharp selloffs in stocks have also taken place.
so where did all the selling come from?
certainly not from cash , the net figure between fiis and diis comes to positive net 341cr !
and fii derivatives data is not very clear on sell off. so we might get some pullback in near term.
4 comments:
Hi Abhay....
Nice to read your articles... your nifty predictions are very accurate. As in your article.. you mentioned that nifty will bounce near to 5500 and it looks happening now. todays jump is clear indication that we will go to 5450 atleast.
What is your next prediction on nifty... do you think we will have swift correction once we complete this up trend to 5500.
Can you please post your views on nifty on the blog.... those will be very useful for everyone....
Thanks for all your posting....
Keep the good work...
Regards,
Veda
GM abhay
OMG abhay... nifty started the journey :) :P
regds
Abhayyyyyyyyyyyy
almost achieved.. what next :P
thanks Veda...welcome
thanks Sujatha
would update on the views shortly
regards
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