Firstly, in my opinion the Nifty may not crash like the way we saw in March because on the monthly frame I see an inverse Head and Shoulder pattern which is a continuation pattern of the trend.
So basically I don't see a nose dive ,rather a side ways consolidation for a few days/weeks.
Now talking about supports the initial cushion should be around 13265, 13195 and 13026.
If all of them break then we are into a bearish zone and may see further fall.
- Hold on to quality fundamentally good stocks.
- Panic early in the low quality stocks which were taken purely on technical basis as their patterns no longer hold good.
- Sit on cash and wait for your entry in quality stocks with good patterns.
So basically I don't see a nose dive ,rather a side ways consolidation for a few days/weeks.
Now talking about supports the initial cushion should be around 13265, 13195 and 13026.
If all of them break then we are into a bearish zone and may see further fall.
- Hold on to quality fundamentally good stocks.
- Panic early in the low quality stocks which were taken purely on technical basis as their patterns no longer hold good.
- Sit on cash and wait for your entry in quality stocks with good patterns.
Nota
Took support and reversed as anticipated. It could move sideways for a few days.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.