The monthly HL range of nifty and read below msg.
Nifty managed to close above previous week low and still have change for short covering in index.
Although the market fell today, the trading volume has shrunk, proving that the selling force is gradually decreasing. I believe that if it can reach 21,400 or 21,100points, the selling force will be much less. These selling forces, because there is enough price difference, will be converted into buying forces at a lower position
Because the forces that drive the market up or down are now led by the bulls. When the bulls make too much profit, there will be a selling sentiment, becoming a short-term bear. When the stock price falls to a cheaper position, the price will be very attractive, and they will become the main buying force again. In the Indian bull market, institutional investors generally do not play the role of bears. Those who like to go against the trend and short at support levels are only small and medium-sized investors.
Start accumulating quality cash stock for mid-term swing in proportion and be invested.
