Trend change from not bearish to bearish in Nifty?
I was not bearish in Nifty until Friday but the market has not failed to surprise me yet again.
Important support (100 SMA) at 22000 was broken with conviction and India VIX is flying through the roof. These both points make me rethink my bullish thoughts I had and now I would either stay away from the market or wait for the right levels and sell on the rise but better option is to stay away from the market for a while and let the dust settle.
#Educational purpose only
Important support (100 SMA) at 22000 was broken with conviction and India VIX is flying through the roof. These both points make me rethink my bullish thoughts I had and now I would either stay away from the market or wait for the right levels and sell on the rise but better option is to stay away from the market for a while and let the dust settle.
#Educational purpose only
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.