Daily charts
- trend is down on daily charts
- we had a fast/ strong reversal in 2 days
- have a doubt if this will sustain
- today, markets closed above 8500
- but close was near day's low
- option writers bullish that 8000 will not break in DEC
- why do they expect 8000 not to break? when we are already at 8500?
- Why not 'expecting support' at 8400 or 8200?
- so what is the market trying to tell us?
- trend is down on daily charts
- we had a fast/ strong reversal in 2 days
- have a doubt if this will sustain
- today, markets closed above 8500
- but close was near day's low
- option writers bullish that 8000 will not break in DEC
- why do they expect 8000 not to break? when we are already at 8500?
- Why not 'expecting support' at 8400 or 8200?
- so what is the market trying to tell us?
with the big fall all supports till nifty 8000 also get broken so if now there is a fall ; nifty could resume its fall down to 8000 ?
ReplyDeleteLet's see... close below 8500 is required.
Deleterising with islands..so falling will be with islands..Any comment sir?
ReplyDeleteA 30-50 point gap down opening is required... I don't see that happening.
DeleteDear sir Banks constitute about 40% of Nifty weight.Due to demonetization they would attract huge low cost deposits which would have a significant effect on their profitability. so bank nifty would uplift the Index.
ReplyDeleteI don't think so... the money people are depositing now will be withdrawn in few weeks.
Delete