1)The way HDFC BANK has closed below 100 and 50 dma
It is a great blow to bank nifty.
2) Dow jones is tanking more than 900 points right now.
3) Indian stock market was among few emerging markets which was performing well.
today's decline and with another day's decline will disturb whole structure of the market.
though stochiastic is in over sold condition in hourly time frame in daily time frame it is not.
No such appreciable divergence in hourly time frame.
4)If bajfianance result will not be the expectations of the it will be another blow to the market.
5) whether it is massive correction or regular retracement will be known by tomorrow.
6)On both week end days on 02/07/2021 and 09/07/2021 I was positive on the market.
on my recent post I was not that much positive. and bank nifty had much more gapped down opening.
another gap down tomorrow if that gap is not filled up tomorrow then this correction may go down in five wave.
let us see what happens.
Happy trading.
It is a great blow to bank nifty.
2) Dow jones is tanking more than 900 points right now.
3) Indian stock market was among few emerging markets which was performing well.
today's decline and with another day's decline will disturb whole structure of the market.
though stochiastic is in over sold condition in hourly time frame in daily time frame it is not.
No such appreciable divergence in hourly time frame.
4)If bajfianance result will not be the expectations of the it will be another blow to the market.
5) whether it is massive correction or regular retracement will be known by tomorrow.
6)On both week end days on 02/07/2021 and 09/07/2021 I was positive on the market.
on my recent post I was not that much positive. and bank nifty had much more gapped down opening.
another gap down tomorrow if that gap is not filled up tomorrow then this correction may go down in five wave.
let us see what happens.
Happy trading.
