Nifty stuck in downward channel. Took some Positional shorts at upper end with SL 8750 Spot. Let's see how it goes.
Various factors are pointing out an impending sell off in Global Equities. Dollar Index reaching 100 (bad for emerging mkts), Fed rate hike in Dec (Fed Futures probability 70%), US elections drama, continuous selling by FII's in India (in both Cash & Derivatives). With all this uncertainty coming, large investors are sitting on good profits likely to panic once important levels are broken. Watch out for S&P 500 2100-2120. It's a matter of who (which major Index breaks first) blinks first?
Various factors are pointing out an impending sell off in Global Equities. Dollar Index reaching 100 (bad for emerging mkts), Fed rate hike in Dec (Fed Futures probability 70%), US elections drama, continuous selling by FII's in India (in both Cash & Derivatives). With all this uncertainty coming, large investors are sitting on good profits likely to panic once important levels are broken. Watch out for S&P 500 2100-2120. It's a matter of who (which major Index breaks first) blinks first?
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Bingo! As anticipated, breakdown has started. Bulls beware.