Firstly, in my opinion the Nifty may not crash like the way we saw in March because on the monthly frame I see an inverse Head and Shoulder pattern which is a continuation pattern of the trend.
So basically I don't see a nose dive ,rather a side ways consolidation for a few days/weeks.
Now talking about supports the initial cushion should be around 13265, 13195 and 13026.
If all of them break then we are into a bearish zone and may see further fall.
- Hold on to quality fundamentally good stocks.
- Panic early in the low quality stocks which were taken purely on technical basis as their patterns no longer hold good.
- Sit on cash and wait for your entry in quality stocks with good patterns.
So basically I don't see a nose dive ,rather a side ways consolidation for a few days/weeks.
Now talking about supports the initial cushion should be around 13265, 13195 and 13026.
If all of them break then we are into a bearish zone and may see further fall.
- Hold on to quality fundamentally good stocks.
- Panic early in the low quality stocks which were taken purely on technical basis as their patterns no longer hold good.
- Sit on cash and wait for your entry in quality stocks with good patterns.
Not
Took support and reversed as anticipated. It could move sideways for a few days.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.