ENJOY BEARS CHEERS !!!!!!!!!!!!!!!!!!!!
MARKET BIGGEST FALL AFTER 2011.
SINCE SO MANY TIMES I WAS WRITING ABOUT THIS DOWNFALL BUT YOU DID NOT BELIEVE THIS TIME ALSO.
RECENTLY ON 17 TH JUNE JUST THREE DAYS BACK I POSTED THIS CHART SCENARIO. JUST HAVE A LOOK......
5650 CAME TODAY.......
Now what next...........................
Nifty 5700 call option added fresh 4227250 contracts in open interest. Nifty 5600 call added 1955300 fresh contracts in open interest indicating huge call writing has created into the system. FIIs sold index future worth Rupees 1071 crores and open interest increased by 16.2%. Huge fresh short position has been created into the system. FIIs sold shares worth Rs. 2094 crores in cash market today. Earlier bullish island reversal pattern had formed on the nifty chart but today again it formed bearish island pattern. As per nifty weekly chart if nifty break and give a close below 5630 than 5332 is next support on nifty. As I had warned you that upmove is not sustainable and nifty reversed from that level. Over all sentiment is bearish. 5332 is coming soon.
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Enjoy.........
GOOD LUCK