Above is the daily chart of S&P 500.
After the year 2000 and 2007, this is the third time it has reached this level of 1530-1550.
Would anyone dare to go long in the markets at this time? Think once again......
Any correction from these levels will create panic in the world markets....
Meanwhile, Our beloved Nifty futures after breaking the crucial and long time support of 6000, is trying to regain that level. Every operator knows that flock will be going for a pre budget rally.
Are they dumping their holdings in a smooth manner?
The normal correction trend in the market used to start with large caps followed by Midcap and Smallcap stocks. This time the biggies have already dumped Mid and small caps even before the correction....
They have not touched the Nifty weighed stocks thus manipulating and holding the level of Nifty.
Just be cautious at these levels......
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