Nifty entered the zone where it didn't comeback during the bull
Nifty looks definitely on down trend. The impact of last year lockdown itself is not recovered on ground level. IMHO, the index may revisit slightly below 12k.
What I wonder is that all biz news channel and reviewers are showing us, the retailer, only the fii and dii data, which are just peanut of market movers. Just hiding the facts from retailers. To make nifty move one index point, a money of approx 440crore INR have to play. Just calculate for 500point down move how much money has been booked as profit. These information or statistics will never be available for a retailer to take informed decision.
Play safe.
Reserve your funds.👍👍
What I wonder is that all biz news channel and reviewers are showing us, the retailer, only the fii and dii data, which are just peanut of market movers. Just hiding the facts from retailers. To make nifty move one index point, a money of approx 440crore INR have to play. Just calculate for 500point down move how much money has been booked as profit. These information or statistics will never be available for a retailer to take informed decision.
Play safe.
Reserve your funds.👍👍