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Good fall , done. Now waiting for bounce to short
Banknifty opening down 450 ππ
US markets closed in Deep red yesterday with Nasdaq down almost 2.2% ππ
Asian markets are down 1-2%π
Sgx Nifty indicating 110 Points ππ
If we cant go up on US green day , Mostly On such a bad markets globally. ,I think the fall will be worse .
Stay cautious , Year end selling are brutal and continuous many times .
Covid Alert has been also raised by PM with more restricitons on the way .
This all makes the case for a gloomy Friday β
Just a matter of time before US triggers Alarm globally .
Its not just China specific
Seeing the kind of selling at all bounces I feel , we r not yet at bottom .
More fall could come below today's low
Thats why those who love fake positive and senseless moves
Lose all that they made in 1 month in few days
Even after 850 Point fall in Nifty and 2000 point fall in Banknifty , People wont understand what I try them to understand
No surprise why 80-90% Retail traders investors lose .
They just love fake positive mood and news
Major Meetings related to underway .If restrictions starts , they will cause major business disruptions , Major negative impacts will be on Banks & NBFCs
Bounces remain selling opportunity , Expiry moves will be volatile
20 week moving average at nifty 17750 & banknifty 40800 Are strong supports , before that , all are normal supports .
We have closed positions , will trade only if see any bigger bounce
Extreme weakness
β€οΈπ perfect ...swift moves picked by Only TSM β
US futures are also Strong , Even Asia , so dont be short here , a bounce will be strong π
I feel now mostly fall is done , shorts may cover a bit ππ leading to bounce
βββ€οΈβ€οΈ njoy , kaafi mil gya profit
ππππ sliding
