NF below VWAP @ 3min TF - But volume missing. No body risking, mostly after RBI meet or Dax opening.
IT and Energy is providing the support. if BNF reverses to green, well we will get some buying @ Nifty as well.
The reason I am not buying the dip is - Buyers more than sellers, that mean dip is not deep enough. If reversal comes, that will short lived. A real reversal is where sentiment gets negative, retail fish will be still shorting (Sellers > Buyers), which is not the case today.
So my virtual bet is on contra today.
IT and Energy is providing the support. if BNF reverses to green, well we will get some buying @ Nifty as well.
The reason I am not buying the dip is - Buyers more than sellers, that mean dip is not deep enough. If reversal comes, that will short lived. A real reversal is where sentiment gets negative, retail fish will be still shorting (Sellers > Buyers), which is not the case today.
So my virtual bet is on contra today.