Nifty - View
Even at the peak of the 2008/09 crisis Nifty barely broke below the 50 quarter moving average. Only visited and bounced off it.
Even now we have a similar story, with the low being around the golden ratio. Could we take that as a bottom, lets watch this chart closely to see how markets bottom.
My view is to wait and watch if we retest the low once again to form a double bottom or something on those lines before being aggressive buying into the market.
Even now we have a similar story, with the low being around the golden ratio. Could we take that as a bottom, lets watch this chart closely to see how markets bottom.
My view is to wait and watch if we retest the low once again to form a double bottom or something on those lines before being aggressive buying into the market.
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