On Dec 20 - almost 10+ sectors in Nifty faced their individual resistances together - which "Triggered" a coordinated sell-off.
I once again say the word - Trigger because FIIs and DIIs just kick started a sell-off and Retailer investors fell into the trap when they saw all their stocks across sectors started falling together. Just panic selling. At the end of the day FIIs and DIIs bought all the stocks resulting in Net +3000 crore of Buy activity despite major fall across all sectors
I wrote a 8-part article already about this on same day. Additionally I Pre-warned on Dec 31 that similar situation is expected to happen on Jan 1st week as 6 out of 13 sectors are meeting their long term resistances together.
Today - it came to Life. Another big round of sell-off across many sectors but net activity of FIIs and DIIs are both on BUY side. So who got fooled ? Who got trapped Royally?? It's us the Retail investors who once again don't have the perseverance, the technical knowledge of charts , the conviction on their own portfolio falling prey to Panic Selling.
We need to "Learn to Ride the Tide irrespective of its Side"