NO BOTTOM FISHING

If you have followed my post, you must appreciate the fact that any dip is not a buy in this market. This has been proved during last week. 

Look at the Nifty / BNF action for the month of  March so far: 

First week low        10439  /24600

Second week Low  10155 / 24085

Third week Low     10197/ 24402

Fourth week Low     9960/ 23631

I  have been writing repeatedly that 10439 will  not come again. Now 10197/155 are becoming big wall and this expiry cannot catch these numbers.

To understand the gravity of the situation, you must write it down like how I have done above. Now one gets clarity of the situation.

Now you ask question to yourself, is it a buy on dip market? That too when the trade war has just started  and Europe, Asia and African market reactions are still awaited. The must awaited Tariff increase has started with  USA  and a likely retaliation from China next week will pull the market further down. All other nations affected by the new tariff will have huge impact on the companies and markets. 

TO CUT IT SHORT, THE REAL DOWNTREND STARTS NOW ONLY.  MORE PAINS TO COME.