You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.- Peter Lynch
Nifty closed down 98.90 points at 5302.55 while Nifty future closed at 5291.60, a discount of 10.95 points. FIIs sold in Cash, net sell 792.11 Crore while DIIs bought in Cash, net buy 775.45 Crore. FIIs bought in Index future, Stock future but sold in Index Option, net buy 1286.38 Crore!
RBI steps taken on Yesterday Helped Bulls to see a gap up, But Bulls not able to sustain that level. Bear played the rest of the game. Day’s high was at 5498.70 and the low was at 5257.60, and the close was at 5291.60.
Yesterday we told…!
Yes, we told NF will make new high. And in the morning itself made, 5471. We told if cross 5500 then will move up, but it could not cross the 5500 and made day high of 5498.70.
What for Today …?
Now recover is yet possible in Nifty Future as market is towards making month low.
Quite possibility are seen that it will kiss the next level 5188. According to Technical Analysis
Reference here which we updated earlier.
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