The bulls and the bear
At the start of the morning all sectors are in flat to red zone. We can say that it was black day for stocks. Nifty after gaining nine positive momentum trading sessions. Market was stuck in narrow range due to some major triggers. All day market was on downward direction.
Today’s stock market was on bearish. Meanwhile with the negative momentum of all sectors It was also in under pressured of sellers. Investors are also in panic reaction different breakouts are proof of the short selling of sellers. When I talk trade I observe one thing in bank nifty when all sectors are in negative stage at the start of the session it was on positive trading session. In the mid of day bank nifty was also in negative and it closed on red note today. In this type of market you have to not engage with long holdings and also do not retrial your stop loss. I observe that one thing in the market in this momentum don’t buy any stocks. Market was so risky if you tried to take risk learn first about bulls and bears, technical analysis. You have to more aware about market fluctuations. Without any knowledge you never know when market was bullish and bearish.
Stock market was fall in continuing third straight day. IT shares are getting high. Today market settles on dull trading session. Currently we can see that nifty is trading near simple moving average. I hope next trading session will be giving us positive momentum. I observe with this negative bearish reaction of market investors are losses the money. Today’s best sectors was nifty metal and biggest gainer was Divis labs. At close Sensex was down on 159 points, nifty was down 41 points. HCL technologies and SBI life insure are top losers today.