Good morning Chartopia! ❤️
Have a lovely weekend.

Shree Durga Ashtami. ❤️

Good morning 😁

My basic strategy will remain the same.

No dip buying till we start seeing a formation of Higher Low or equal Lows

No buying in falling knife mkt.

No predictive trades.

Full wait and watch mode.

This is what Im hoping for in Nifty 50.

Worse Case Scenario

And this would be the WORST Case Scenario That Down trend simply continues.

Remember these 3 scenarios?

First time I feel sad to be right.

Sadly A new Lowe low has formed, Need to see where we close today and this week.

No new buying gets activated.

Closing will be important, if closes above previous low of 21950 approx then lower low doesnt form as line charts only take closings into consideration.

VIX almost 60% up!

At major resistance now.

Nifty

Decent bounce. Lets hope for a good Close!

BTC Set alerts for 65-60000 Range.

Nifty is struggling at previous lowest closing.

Good morning 😁

The line chart shows us the correct picture, Higher low has formed, a good closing this week will be a nice confirmation.

22600-22800 is a resistance zone
23600-23800 is Trend Reversal Confirmation
22000-22100 is our support.

W in the making lets hope.