Nifty is resting at support of 10820-50.
Global sentiments like Rising Crude, Depreciating Rupee, Rising Bond Yields and not to forget Trump threatening to impose sanctions on India are the major reasons of such big selloff.
These negative sentiments will shift Nifty lower towards its 200 days exponential moving average(DEMA) placed at 10770. As per Options chain support lies around 10700.
3 consecutive closes below 10750-770 can trigger a start of a Bear Market ending a long 32 months of Bull Run from January 2016 to August 2018.
Global sentiments like Rising Crude, Depreciating Rupee, Rising Bond Yields and not to forget Trump threatening to impose sanctions on India are the major reasons of such big selloff.
These negative sentiments will shift Nifty lower towards its 200 days exponential moving average(DEMA) placed at 10770. As per Options chain support lies around 10700.
3 consecutive closes below 10750-770 can trigger a start of a Bear Market ending a long 32 months of Bull Run from January 2016 to August 2018.
