MCX Crude near 52 week high! A strong breakout and the sustainable fresh high in Crude would be bad for Nifty...
Now crude is also a deciding factor of Indian Market threatening to breakout 52 week high.
Today Nifty faced resistance around 38.2% of previous fall from 10478.
Asia is going all red red, specially Shanghai and Hang Seng. Must be FIIs withdrawing their money. But here the FIIs have been net buyers since last few days.
Asia is going all red red, specially Shanghai and Hang Seng. Must be FIIs withdrawing their money. But here the FIIs have been net buyers since last few days.
Most people (experts and novices like me, both) believe that the bottom has arrived. I feel that we might at least see a time correction and there's no hurry to re-enter. But with this, there is the risk of missing out. FoMO.