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Nifty Breakdown below 22100

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MANAV28 said:
18.7k is too far fletched as per me.. Dont see Nifty breaking 20k in worst to worst case scenario.
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See, when you can see a downside of 20K, it can even touch 18.7K ..
Generally what happens: ,
whenever prolonged downside / upside happens it goes beyond the expected lower side / expected upper side. that is the tendency.. overshooting .. that is how the market behaves.. so , dont be surprised to touch 18.7k when you are already expecting 20K... but it may not stay there for longer period , just touch and go.....
 
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SSV said:
See, when you can see a downside of 20K, it can even touch 18.7K ..
Generally what happens: ,
whenever prolonged downside / upside happens it goes beyond the expected lower side / expected upper side. that is the tendency.. overshooting .. that is how the market behaves.. so , dont be surprised to touch 18.7k when you are already expecting 20K... but it may not stay there for longer period , just touch and go.....
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Agreed my downside expectation is 21k and prolonged downside level is 20k. Anything below that be will massive money making opportunity.
 
desiviru said:
This seems good when you have surplus money. In time of need mostly you end up with either low return or no return in markets. This strategy can be followed only when you don't need that investment for next 10 years. Buying the dips and more dips don't always pays off if markets remain stagnant for longer period like between 2010-2017.
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Yes that is why I planned of investing only surplus in nifty. That too tracking nifty level is easier.
For example Invest till Nifty is less than 25k. Take out when nifty touch 30k.
 
MANAV28 said:
Approaching 23500 now.
From here we can again see some downmove.
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No actually till budget tomorrow it will try to remain positive. When OMO comes into effect it keeps market afloat for some days. But OMO has itself told about the fear Govt, RBI and LIC is having now. Govt intervenes only when things are gloomy and shady. All these are done to trap new money and to make their stooges to exit. Currently some people think a 500 pts move is enough to go positive while a 3500 pts fall from top is nothing. As I told before bear market don't come in a day. It takes year for them to actually show what we can see now. 🙂

For FIIs already there are ebtter opportunity in likes of China, Brazil, South Africa while India promises big but delivers nothing. The weak 240 seat Govt will feel the burn of allies in next 6 months which will lead to further stagnation.
 
desiviru said:
No actually till budget tomorrow it will try to remain positive. When OMO comes into effect it keeps market afloat for some days. But OMO has itself told about the fear Govt, RBI and LIC is having now. Govt intervenes only when things are gloomy and shady. All these are done to trap new money and to make their stooges to exit. Currently some people think a 500 pts move is enough to go positive while a 3500 pts fall from top is nothing. As I told before bear market don't come in a day. It takes year for them to actually show what we can see now. 🙂

For FIIs already there are ebtter opportunity in likes of China, Brazil, South Africa while India promises big but delivers nothing. The weak 240 seat Govt will feel the burn of allies in next 6 months which will lead to further stagnation.
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Budget range will be 22800-23500 (+- 0.5%).. Sustaining above or below this will result in fresh breakout/breakdown.
 
Risk reward for doing long trade near 23500 is super low. Either one should book profits in long if entered at lower levels or can attempt short trade.

PS: This is just trading view for people doing intra/short term trades for 6-7 days.
 
SSV said:
The point is: is this telling any story to us?
That is what is important to us..
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Smart people try to find what a normal eye can't see. Titanic didn't sinked because it hit the iceberg. It sank because Captain and other who want to show the world that it can not sink and has more strength to survive assume something else and instead of caution they lead to assunption and then we all know the history.

Pessimism is not good but caution helps people survive. If people at Titanic took cautious approach and started using boats to asked for help in time, result would have been different.

Time and again markets have prove they can reach upper and lower levels beyond's anyone's imagination. Like at 7500 no one thought we will see 26300 on Nifty but it came. Same way these days people think it will never come to 15K or low but time again prove people wrong. Japan is the best example of how even when you are rising higher and higher can hit the top and over 20 years get nothing to sustain yourself there.
 
Jackk said:
No Defence! No Railways! No Big Infrastructure Pipeline Reboost! 🥹🥹🥹
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We are not America and have credit line like them. People here hope against hope. Having Rs.100 in pockets have dream of thing that cost Rs.500 never make people realize the reality.

Those who think Indian economy is too strong and markets will be like of Japan and China, it can take one to two decades for us to be what China is today. People don't fear spending there like we do here. We are an economy that relies on saving more and spending less even if it destroys our overall growth with time. Since childhood you are programmed to save more and let go your desires no matter how much it matters to you. So I look at bigger picture than just romor or west media headlines that think India is next China. No, we are not.
 
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MANAV28 said:
Risk reward for doing long trade near 23500 is super low. Either one should book profits in long if entered at lower levels or can attempt short trade.

PS: This is just trading view for people doing intra/short term trades for 6-7 days.
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Still struggling to sustain above 23500 even after relatively decent budget.
Lets see next week.
 
desiviru said:
We are not America and have credit line like them. People here hope against hope. Having Rs.100 in pockets have dream of thing that cost Rs.500 never make people realize the reality.

Those who think Indian economy is too strong and markets will be like of Japan and China, it can take one to two decades for us to be what China is today. People don't fear spending there like we do here. We are an economy that relies on saving more and spending less even if it destroys our overall growth with time. Since childhood you are programmed to save more and let go your desires no matter how much it matters to you. So I look at bigger picture than just romor or west media headlines that think India is next China. No, we are not.
Click to expand...
desiviru said:
We are not America and have credit line like them. People here hope against hope. Having Rs.100 in pockets have dream of thing that cost Rs.500 never make people realize the reality.

Those who think Indian economy is too strong and markets will be like of Japan and China, it can take one to two decades for us to be what China is today. People don't fear spending there like we do here. We are an economy that relies on saving more and spending less even if it destroys our overall growth with time. Since childhood you are programmed to save more and let go your desires no matter how much it matters to you. So I look at bigger picture than just romor or west media headlines that think India is next China. No, we are not.
Click to expand...
P.S. It was a sector specific remark in budgetary context not warranting macros or structural economic perspective!
 
MANAV28 said:
Risk reward for doing long trade near 23500 is super low. Either one should book profits in long if entered at lower levels or can attempt short trade.

PS: This is just trading view for people doing intra/short term trades for 6-7 days.
Click to expand...
Here comes the fall..
Short term traders try to book 50% if anyone did short trade.
 
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