We are only 15% down from ATH and TL is full of doom posting, sluggish bear market is deadly, slower the cut, prolonged is the pain. Still no signs of bottom for nifty, till the time MTF books are not rinsed, market won’t bottom.
smooth flow, covered all my shorts. want to sit out and see how market reacts to 22300. imo bounce evident but unlike last thursday, today it will be sold by eod
RBI MPC today. 25 bps hike expected, as always 25bps won't do shit but RBI needs to strengthen USD, it's easily going to get pushed towards 100, dangerous territory for RBI and markets. i have shorts lined up after policy decision.
there isn't going to be any tax cut in today's cabinet meeting, there won't be any for next 6 months. How will GOI fund laadli behen yojna if they cut STT and STCG lol
my dear nifty bulls pls defend 22600 today, if it drops below, the unwinding will be painful to watch. anyhow i have longed 22600 with a hope that market won't give two straight 1%+ red bars lol
my dear nifty bulls pls defend 22600 today, if it drops below, the unwinding will be painful to watch. anyhow i have longed 22600 with a hope that market won't give two straight 1%+ red bars lol