INSUBCONTINENT EXCLUSIVE:
much significance, as we have fallen over 30 per cent within a short span of time
These signals work in normal market conditions
This is not a very normal situation, as demand and supply are being influenced any external factors," said Mazhar Mohammad, Chief Strategist
significance, he said.
Nifty has been in a secular downtrend, as investors are fleeing equities in droves amid a rise in the number of
coronavirus cases, threatening a collapse of many businesses
Technical Analyst and founder of Gemstone Equity Research - Advisory Services, concurred with Mohammad, saying that this is a lagging
What we saw today was a broad short-covering-led technical pullback
in the 7,850-7,950 zone, but if that is broken, then we may need to prepare for bigger cuts, which may take it to 7,450 or 7,000