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Nifty Will Crash ......



INDIAN MARKET NIFTY WILL CORRECT OR CRASH

 By Andrews Joseph

23rd JANUARY 2021

1.    Nifty is not able to break the ALL TIME HIGH of 18604 ( psychological Indicator RSI monthly was above 80since) October 2021 and had massive sell off or profit booking and made a low on 16th December 2021- 16410.

2.    In the above chart you can see a good massive rally since covid crash along the trend .but the trend line has broken which doesn’t mean we will see a crash but we may enter in to bear market phase. Where consolidation phase may happen.

3.    Post a fall nifty had a sharp recovery like straight and reached 18350 on January 18th 2022. A massive rally of 1900 points in 20 trading session

4.    Again a drop of quick fall of 900 points in just 3 to 4 trading sessions This indicates a highly volatile swing rally up and down

5.    Midcap and small cap stocks has start a recovery post  massive sell of since October last year

6.    World indices American markets such as S&P 500 , Nasdaq and Dow are in massive sell of dropped 10 to 15% from their all time high. Especially Russian Market have crashed 30%.

7.    Important local events to be watched for the Budget session which will monitored closely across global investors

8.    On the global important events will geopolitical tension between Russia and Ukraine  talks are going on to de-escalate between USA  nato alliance with Russia. Pressure is mounting along the borders with massive troop build up.

9.Silver and Gold has risen sharply due to fear of outbreak of an War.

10. Fii data suggest that they have again started to pull out the money across the globe. All Crypto currency have crashed

11. On the whole the Indian markets are will have strong support at 16500 failing to hold that support will break further. And upside will be limited

12. In my previous blog I have cautioned new traders and investors of never seen pattern for them .high volatile drama.

13. And also predicted and request to book profit on 18th January itself in both nifty and bank nifty in my private group.

NOTE:

No body can predict the market and I'm not trying to predict the market because market will go on its own way. There is a saying "Expect the unexpected".

 

OBSERVATION:

Till now we had a mixed q3 result. Despite the some of the good result .profit booking is happening across all sectors.

Surge in US 10yr and 2yr treasury yield bonds

Despite falling in interest rate gold has surged. Still intact as a part of hedging.

 

 

Quote for the day

 

" Risk comes from not knowing what are you doing”

- Warren Buffet

 

 

Thank you

 

Disclaimer: The above content is only for training and educational purpose. Views may differ from one person to other person. And some information may be incorrect and the Blogger is not responsible at any point. I dont recommend anyone to trade based on the above information. Trading and investment involves huge risk. Please consult your financial advisor.

https://t.me/AMFTraderz

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