Just last month we were looking at
NOISE of 5600 plus targets ..now we are at 5000...typical of market jerks..so whats happening..Its a routine correction of the rise from
4667-5400..
4950 zone is 200 DMA or 61.8 % retracement of this rise..break of which , we can then drift to
4900 around (
THE BUDGET DAY TAKEOFF)..on panic days one can start part investment for short term into select shares one likes..Next Week could be a different story..My advise here of being a trader for a few days would have helped
..Watch 5000 for support today..
cheers.
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