Only Positional Community
#COCHINSHIP Next trigger expected here !! Still holding my old position, adding new next week. Short term trend corrections seems to be ending. Above 1790, momentum should kick in.
From this update day, one sided heading up.
Shared at 1725 and now 1967 ππ€π»
Shared at 1725 and now 1967 ππ€π»
Only Positional Community
Photo
I myself added and updated in closed circle.
Look at the time line 18th Sept onwards USDINR started depreciating and making new all time low, that day market rally halted and we saw fresh downside there onwards.
β€2
Only Positional Community
Major reason behind fall, is USDINR hitting all time low, USDINR has inverse relationship with market if this keeps heading up, market won't be able to head higher.
Once this cools down, we will enter again rally upside.
NIFTY is likely to see another 1β2% decline from current levels. Similarly, NIFTY 500 could also fall by 1β2%. However, since our portfolio is largely concentrated in the small- and mid-cap space, focusing solely on NIFTY movements may not give the complete picture.
At present, a 1β2% correction looks likely, but if the market fails to sustain after that, we could see a deeper correction setting in. In particular, the mid- and small-cap segments remain vulnerable, with the potential to decline by another 6β7% as a key gap in the charts is still pending to be filled.
At present, a 1β2% correction looks likely, but if the market fails to sustain after that, we could see a deeper correction setting in. In particular, the mid- and small-cap segments remain vulnerable, with the potential to decline by another 6β7% as a key gap in the charts is still pending to be filled.
Only Positional Community
NIFTY is likely to see another 1β2% decline from current levels. Similarly, NIFTY 500 could also fall by 1β2%. However, since our portfolio is largely concentrated in the small- and mid-cap space, focusing solely on NIFTY movements may not give the completeβ¦
View as of now, any update required will be shared.
π₯3
Again markets are weak, it will remain weak till USDINR gets depreciating.
USDINR no signs of reversal yet, we will move once USDINR reverses.