COMMENTS:
- The Nifty-50 Index formed a large bearish candle that resembled a Long Black Day on daily charts. After opening gap down at 14,888.60, the Index signed off the session at 14,529.20,down 568 points or 3.76%.
- Given a strong Reversal, Next Resistance or first target can be 14,250.
- India VIX moved up by 22.95% from 22.89 to 28.14, indicationg a tight Grip of the bears.
- News of the week: US bond Yield is at year’s high, which raised fears and Foreign Portfolio Investors sold shares worth Rs. 8,295 Crore
Following stocks are just to keep a track/watch on as Markets are Bearsh.
1. IRCTC.
2.CDSL.
3. BHEL.
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