Nifty and Sensex have been following an uptrend line after the corona crash. Now this trendline has been broken with a perfect retest and continuation as well, which becomes more conclusive. Nifty also closed below 100 EMA today.
Markets can correct from here and it will be a good opportunity to accumulate good fundamental stocks at discount. The next supports of markets are 16730, 16300, and 16000. Remember to buy at dips in a staggered manner and not invest the whole amount at once because markets can bounce from any support. Do FOLLOW for more such ideas. Thank you!
Markets can correct from here and it will be a good opportunity to accumulate good fundamental stocks at discount. The next supports of markets are 16730, 16300, and 16000. Remember to buy at dips in a staggered manner and not invest the whole amount at once because markets can bounce from any support. Do FOLLOW for more such ideas. Thank you!