Nifty Breaks its Last Support
Nifty has moved down decisively below its last support at 5300. The count has changed. Markets may not see 5900 for a long long time to come now. We will wait for an adequate bounce to short into the markets.
This is no longer a market to buy into. Markets have geared itself to make new lows. The way all blue chip stocks have been beaten down with high volumes suggests that we are already in a bear market.
Brace yourselves. We are in for a speedy ride down!!!
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