one day market collapse 250+ point and after 4-5 day's its zoom again with 200+ point with big gap up (news RBI cut rate 0.25 basis point, are..!!, its due from last one year & that news were partially discounted by market already).. is there any fundamental change overnight..!!
just see one example
Today market is at new high and we have analyse 1599 script out of 1623 traded script
Out of 1599 stock bullish close only 372, bearish close 826 and neutral close 401.. out of 1599 stock only 554 stock close with green candle and 1045 stock close with red candle..
Is this real bullish market ..??
Our best market indicator MSi also hovering in middle from past one week without any direction ..
All you know we post chart & levels hear based on pure technicals.
From last two month Nifty had given mid term sell signal three times, and after that Nifty has made new high..!!
All you know in such kind of situation we always avoid market and stay a side..
When ever we will get perfect signal in technicals we will again start posting charts and levels..(may be next week) Till then please be careful and stay a side..