Nifty fallen more than 600 pts this week. Now questions is wheather this is short term correction with in ongoing Bull market or we are completed a corrective pull back and ready to fall below 15k.
Now take Bull case
Nifty completed 50 percent retracement of current upmove.
Fill the gap around 17800.
Nifty 50 and 500 stock below 20 day and 50 day MA around 6 to 20 percent which is extreme negative sentiment.
Bear case
Nifty and almost all index is in complex correction with 2 or three combination together.
And we are in the initial stages of sharp down trend.
Now take Bull case
Nifty completed 50 percent retracement of current upmove.
Fill the gap around 17800.
Nifty 50 and 500 stock below 20 day and 50 day MA around 6 to 20 percent which is extreme negative sentiment.
Bear case
Nifty and almost all index is in complex correction with 2 or three combination together.
And we are in the initial stages of sharp down trend.