This called as over fear. Some promoters are making big money by short selling and they purposefully broke the support point we mentioned, so in panic every one started selling their holdings.They knew well about technicals and know the next support where they can cover thier short. They had done it again.
But we common people are losing our money. Please avoid panic and forward this message to all the persons who are holding shares (in hundreds or in lakhs or in crores) that we nearing the bottom (still not yet over) and from there every thing is going to be the best for us. Refer some of previous blogs which explains how deep we are in bears phase and when we are going to get rid of it. Even yesterday we cautioned some more pain is left.
Any how for today's trade already we had earned Rs. 2000/- per lot (for blog readers) and we can stay away from market.
If you really need a trade wait upto 2750 and go long above that with target T1- 2772, T2-2783.
Dont Go short today at any level because the market can make U-turn at any time.
Friday, October 24
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