InsiderB

Nifty : Winter is Coming or just a fog ?

NSE:NIFTY   Index of the 50 listed India companies
Winter is Coming ?? So Bears are to stay and rule here ? Or Is it just a Fog ??
We will find out based on what Nifty             does at 8480's-8500's. We had steep fall in Nifty             almost channeling on the way down after breaking out of the raising wedge ( Check previous posts on Nifty             , you will find it). We have pocketed around 100points in the fall, previously in that post it was mentioned that " Buy on Rumour , Sell on News " Exactly it happened now. Till GST             discussion(rumours)
Nifty             raised up like anything and on the day of passing in Rajya shaba fell down by 1% approx. So the smart money is booking profits here and taking money out, they will wait till market reaches 8500's. If Market is reversing from 8500's its definitely Institutional and Mutual funds coming with huge buys in Nifty             ,I believe.
Instead,"a very strong if "...If 8500's support broken, Winter is coming for sure & Bears will Rule...so join the Bear force,"Winter is coming ??? " Let's wait n watch...
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Comment: This is definitely profit booking by sharks, thats why Nifty opened gap up and coming down heavily
Thanks,
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It's nice that you always take a minute to stop-by and make a comment, Thank you :)
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AMBRISH InsiderB
Please don't replay my 'Thanks", it is token of appreciation for your hard work
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"Winter is coming...." Good analogy!
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Thank you Vps !
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