NIFTY looks very scary in the long run.
Trendline on the daily charts in nifty shows a support at around 13000 levels. There is nothing that looks to be a boost for the markets either.
Moreover, the 100 day MA of is at 13670 levels and 200 day MA is way lower at 12160 levels.
my suggestions is to exit longs at recoveries and wait with a capital to enter at levels where the markets take support.
Moreover, the 100 day MA of is at 13670 levels and 200 day MA is way lower at 12160 levels.
my suggestions is to exit longs at recoveries and wait with a capital to enter at levels where the markets take support.
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