NIFTY BROKE 5000 AND GAVE CLOSE BELOW IT.
WATCH FOR 4949/4848 FOR SUPPORTS. GOOD ONLY ABV IF 5020 WILL CROSS & WILL CLOSE FOR TWO CONSECUTIVE DAYS.I WAS BIT POSITIVE & STILL I M,BUT AS I SAID 50/50(5050 NIFTY LEVEL) JUNCTION & WILL SHOW ONE SUCH DIRECTION & TODAY IT DID.
AS EXPECTED BLW 5000 A MEGRE CORRECTION BUT THE SUSPECTION IS IN EVERYBODY'S MIND WILL IT BOUNCE OR WILL IT CONTINUE ITS DOWNTREND WHICH IT INITIATED TODAY???????SUCH TYPE OF VOLATILITY IS NOT GOOD FOR MARKET WITHOUT MUCH OF THE VOLUME.
HOPE IT CONVEYS A GOOD MESSAGE TO TRADER SO CONFIDENCE RETAINS FOR GOOD LONG POSITION.
EVEN IN SUCH KIND OF AVOIDABLE MARKET,OUR MOST OF THE INTRADAY PICS ZOOOOOOOMED & MINTED MONEY.THIS IS THE SILVER LINE FOR US TODAY IN THIS DOWN MARKET.
HOPE U ENJOYED TODAY AS WELL.
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