Geo Political situation has resulted giving a big shake to our market today. Both the indexes closed at day low giving a clear indication that the down trend is not complete yet.
Since Nifty and BNF lose the most critical support level, it may take 7-15 days for a recovery from this downfall. The fall could stretch up to 22nd of this month. Cut all your long positions and turn as a buyer when you find nifty 9832/9800 level. 9794 is trend decider and reversal is expected at that point. If that also is broken then last support seen 9454. Since this correction could last for a long period it is better to wait for trend reversal which will be posted in my blog.
Happy Trading!
Yeah I'm agree what you've said but you can do much better than this, check out how it can be possible by our Free Stock Tips
ReplyDelete