Mayhem on Dalal Street Bear Ruling Nifty

Never Buy in Anticipation of Market being Bottomed out Always trade with trend. I know its very difficult to control emotion and Temptation to buy at low levels thinking it as bottom but At last you end up losing Money...

Nifty Hourly

Nifty Hourly is moving in the channel from High of 5740 with few whipsaws but larger trend was between the 2 parallel trendline as shown in above chart. 4900 Taken out than fall will accelerate with momentum and in matter of day we can see 4800 levels.
Its a Global Crash which is happening and people will run for Flight to safety Valuation will never matter at this stage when there is overall Panic.
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