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Capitulation Period !! (10th May 2024)


1. U.S Markets closed higher yesterday.
2. U.S Markets are now rallying from 7 consecutive sessions.
3. Whereas our Markets are down for 7 consecutive sessions.
4. Indian & U.S Markets ain't working in sync and tandom at all.
5. India VIX is now above 18.
6. This is a scary sign as now the Volatility would be out of control.
7. The Drawbacks of Trading in volatile Markets is stops get hit easily 
8. Where ever you place stops it gets hit easily as Markets move violently.
9. This crash is only because big money & FII's wish to have zero positions before election.
10. These people are selling left right and center.
11. Also the selling is so severe that no supports are being respected during the day.
12. Now Markets are again near important supports of 22k.
13. There is highest open interest in 22k PE .
14. Next support is of 21800.
15. These are the final support levels.
16. We would say reversal of bearish trend only when we get a closing at days high.
17. No point in predicting anything before that 
18. This fall has come so sudden and so quick that it has shocked everyone.
19. Personally , I too didn't expect such a big fall so quick
20. Nifty might trade between 21800 to 22200 today.
21. Somewhere I feel we are overdone and markets might give a short reversal.

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