Loss of confidence in market with Investors / Traders / Analysts !!!
what Next ?? We will see the charts below and take comforts after this Blood Bath ..
I have given charts of Nifty Spot with RSI Study and its observed that whenever RSI comes to 30 level, Nifty has bottomedout and rocked on upside by minimum of 500 to 700 points.
This time should be no different, I presume, going by the past movements of Nifty and its time to shop for good stocks with strong fundamentals for investment perspective at lower levels.
Best Wishes
C T RAMESH RAJA
sir ur knowledge of mkts is grt . The way u have mapped the nfty move is simply superb . As people say chart speaks thousand words and mapping it in charts with rsi simply out of the world ,