Nifty has been trying hard to keep upside momentum but it looks like negatives are outweighing the positives
yesterday FII sold 2200 cr, today 1700 cr so May series starts with FII taking out 4k cr from the cash market
Jobless data of India, corona cases still not at comfortable levels .. Though few may argue this was the case couple of weeks ago as well .. what changed that it will fall now
The biggest change that I see is NASDAQ re-testing its all-time high and facing severe profit booking in the last 3-4 days.
have drawn some levels on the chart and possible targets. Finally, any analysis is based on a hypothesis and have invalidation trigger levels. That too is mentioned
Happy Trading
MSK
yesterday FII sold 2200 cr, today 1700 cr so May series starts with FII taking out 4k cr from the cash market
Jobless data of India, corona cases still not at comfortable levels .. Though few may argue this was the case couple of weeks ago as well .. what changed that it will fall now
The biggest change that I see is NASDAQ re-testing its all-time high and facing severe profit booking in the last 3-4 days.
have drawn some levels on the chart and possible targets. Finally, any analysis is based on a hypothesis and have invalidation trigger levels. That too is mentioned
Happy Trading
MSK