Nifty looks oversold but broke it’s 200 day EMA today. Now will it go up or down.
Disc – I don’t know the T of technical and got this info from investing dot com. So apologies if posted something childish
Generally, Overbought markets are most deadly to sell and oversold markets are most deadly to buy as we never know where’s the top/bottom.
News definitely looks horrible globally and global mrkts esp US have broken all levels of support.
So, i feel worst is over in the short term but bounces will be Swift and short. It’s better not to keep a V shape recovery .
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