Nifty :
BankNifty :
The new sellers are far removed from value.
We are a long way away from vwap as well.
The MO charts are also pointing that risk- reward does not favor new selling here.
But our OrderFlow charts are not Blue yet, which means that short covering or new buying is not there yet.
Time to be careful with your positions.
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1 comments:
shai, as per W theory - that NF chart completes the right leg at 4750 - so i think one more round is left for that down move and maybe from thereon - a panic selling?
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