NIFTY - Bulls, Bears and Beyond!

2022年8月18日

Bed, Bath and Beyond was in the news for crashing as well as rising multi fold. Is there some thing that we can infer from these examples. Remember the world is full of fractals. One of the magics of fractals is on stand alone basis they look huge, but when they are merged into the system they look tiny. Extension of this suggests there are many such examples which we are not able to see. Eyes detect, Mind process. Similarities are drawn between 2008 and now. However, this is with regards to the US markets and in that sense the extrapolation of domino effect which if held true can vary in proportions. It is the weakest that rallied in 2008 and it is no different this time. Back to the Nifty, the up move eroded the trend line bet fell exactly around the Fib Arc that is drawn from the recent high to the low. This is much more effective way when we see parabolic moves than a plain trend line. So caution is the big word here for bulls. Usually these moves are met with similar down moves (a downward red line like arc is drawn), that still suggests move to 17000. All gets negated if we see close above 18150. So a call to short with stops above this level for 17150. Bold call in deed but that is what looks less probability for some, but in perspective more possible considering favorable Risk Reward. Supply 18000-18050, support 17920-17880-17830-17770 (very decent)