2021-05-30 16:47:44
Market View for the Coming Week - NSE
Scenario 1 : Market really is in a bubble right now (which I think it is). It'll crash soon, irrespective of technicals.
Crash can be at 15900, 16700 or even tomorrow, God knows.
There is a slight bearish divergence on the weekly RSI, which can take us down by 2000 points or more if it plays out. Please note that RSI divergences have no timeline, they can play out now or later.
Scenario 2 : Technicals will play out as expected, and hell of a rally is coming taking us to 22k by mid-2022.
I'll be keeping a close eye on FII-DII as well as intraday OI data, and will not carry any leveraged positions except equity.
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.”
395 viewsDinVyapari , 13:47