Nifty has shown a strong selloff in just 3
to 4 days of time.
The level of 11550 was very important which
was the low of multiple cycle. When multiple cycle lows are broken in a rush it
indicates that a very important top is formed probably for the year.
Yes, it is a bold statement but looks very
probable. 23rd May will be an important day but I think it will be
Modi government again this time without much hurdle. This might result into an
upward spike but that will be only temporary.
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