the other day when my sl on spx was triggered , i took it lightly though my in my mind i was feeling that this shouldnt have happened.still i didnt analyse it well that time that this points to abigger weakness.thankfully yesterday ,looking at reaction of stocks i realised that a larger correction was looming.
on ES i was initially expecting a shakeout of longs to 1160 level which seemed very likely then and has come about now .lets see the reactions at these levels and take a call .now we know why euro was acting funny since it didint wanna rally.!
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Hi Vipul : any fresh thoughts on Nifty?
ReplyDeleteits a good sell around 5200 ie btw 5170-5230 for tgt of 4900 atleast.
ReplyDeletethis is what i think is happening as of today.
its a long guess though , i must add. !
ReplyDeletestocks havent been falling that hard to see a large downside but there is weakness.
so next two three days will make it amply clear.
5250 kind of level should not be breached.