Good morning friends, yesterday markets opened flat but not even crossed single point above 8020 which was our problem level. Well this time it is time to caution because volatility wise this time markets are reacting highly on negative side which is a big concern. Well here i advise you to stay out & wait for next few weeks if you are a buy side trader -
:- Close all recommended weekly positions in stocks -
This time markets showing heavy volatility and because lunar eclipse also ahead in next week, so it will be better to be cautious. right now Sun and Mars also not strong according astro bala for at least next 8-10 sessions to counter this heavy reaction.
Yesterday fall in an average session indicate something trouble signals for next 10 days. time cycle theory indicates this fall may continue to 7580 level and recent low will be important because if Nifty breaks below recent low then we may see more trouble ahead.
Next 7-8 days please stay cautious - short sellers can hold their positions with stop loss of 8020 but long side trader avoid any long position this time and just wait & watch.
Intraday support & problems - Today's support will be 7727 then 7665-7643 in downside and upside troubles will be 7845.