4th Oct 2024 - Nifty Slips 1130pts ~ 4.32%, stance bearish
Nifty Stance Bearish ️⬇️
What a dramatic week it has been, Nifty falls 1130pts ~ 4.32% after SEBI's new FnO rule changes go live. What spooked the markets? I guess the fear that liquidity may get sucked out post 20th November 2024. Or is it because China's stock market is going limit up?
The fall in our market was kind of different, usually the bear power lasts only 2 days after which the bulls will come in and rally the markets to new all time highs. Hope we get a bear run continuation for a while now, few of the stocks and the main indices in particular are overvalued. A retracement will shake off the greed and insanity.
Our stance has changed to bearish with the stop loss at 25247 above which we will go neutral.
What a dramatic week it has been, Nifty falls 1130pts ~ 4.32% after SEBI's new FnO rule changes go live. What spooked the markets? I guess the fear that liquidity may get sucked out post 20th November 2024. Or is it because China's stock market is going limit up?
The fall in our market was kind of different, usually the bear power lasts only 2 days after which the bulls will come in and rally the markets to new all time highs. Hope we get a bear run continuation for a while now, few of the stocks and the main indices in particular are overvalued. A retracement will shake off the greed and insanity.
Our stance has changed to bearish with the stop loss at 25247 above which we will go neutral.
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