Markets falling on huge volume, Nifty near first target 16900

19 Nis 2022

Notice the chart, markets are falling with gap down and huge volumes for last few day. Today's sell-off in the last one hour (currently its 3:10) is also with huge volume. This is not a good sign. Though short term indicators are over-stretched, overall sentiment seems quite bearish. Sell on rallies or wait for market to find a bottom and consolidate, if you are looking for longs.