[sharetrading] NIFTY

 

Nifty gave up more than expected and has moved into bear land…..

Present SL point is seen way up near 5230 spot. So unless a V shaped recovery is seen, bear hold is going to be strong….. As of now no glimmer of hope is seen anywhere on charts..

Be short with 5170 as pivot. Cash remain out till 5230 is tested for now….

Abe

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