As indicated there is more pain waiting for those who are long in the market. This correction is likely to continue till 10350-260.
It is better to close all longs and be short in market.
Bank Nifty likely to shed another 1200 points.
Remember this bull run has continued for more than 15 months in US market. Any correction will be minimum of 10-15% is on the card.
Nifty will certainly follow global trend. And you will be able to catch the entire down move if you follow the main market indicator.
Happy Trading!
It is better to close all longs and be short in market.
Bank Nifty likely to shed another 1200 points.
Remember this bull run has continued for more than 15 months in US market. Any correction will be minimum of 10-15% is on the card.
Nifty will certainly follow global trend. And you will be able to catch the entire down move if you follow the main market indicator.
Happy Trading!
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