Hello Fellow Traders,
Today we have witnessed yet another bearish movement due to various factors including but not limited to Corona Virus, Oil Crash and many other factors.
Currently, the market reaction is entirely based on global cues and news events and rational/technical aspects of stocks are entirely off the table.
So, rather than depending on the Technical Indicators or Price action, it is necessary to analyze the overall market sentiments in terms of money inflow and outflow.
Happy and Successful Trading!!
BANKNIFTY
Today we have witnessed yet another bearish movement due to various factors including but not limited to Corona Virus, Oil Crash and many other factors.
Currently, the market reaction is entirely based on global cues and news events and rational/technical aspects of stocks are entirely off the table.
So, rather than depending on the Technical Indicators or Price action, it is necessary to analyze the overall market sentiments in terms of money inflow and outflow.
Happy and Successful Trading!!
BANKNIFTY
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.