Note : This is not a recommendation and I am not a registered analyst,
these are just data points and an assesment of the positives and negatives from
a longer term point of view.
Nifty Weekly
Subjective:
the longer term bearish picture stays the same as written here and here the charts got uglier.
On
the rules-based front, closed below the stops. I overrode it as I used to wait
for the weekly closing, but with that gap down it was a low probability of
stops getting saved sooooo...I Hit the eject button today! It can trigger a buy
next week or the week after that & have to jump in if triggers, that’s the
way it is.
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