Haha actually I am very big bear 
But I always try not to get trapped, most retailers in market lose money due to being bearish in wrong time.
Example - Everyone was bearish in August 2018 and missed out to cash in when actually market fell the next month
Since double top has been made we cannot jump into conclusion that markets will fall rapidly there will be some support levels if the index keeps on breaking the supports we can expect correction. currently 11500-11550 looks strong support.
I am also assuming 11500 to 11513 level to be a good support for Nifty index
Most of the time . market reacts in advance to an events!!
What do you mean? Market is pricing in BJP majority so you mean we can have hung parliament or BJP loss?
This was the post created by me at that time , and later it was found to be a bull market correction .
i don’t consider news while analyzing the market and also politically neutral , in case of stock market
Probably recent some state level elections may give some clues !!
No but market does move on elections and market is not politically neutral that is why i am saying
Which event are you referring which can cause a big fall?
" politically neutral " Its my personal approach , Market is different
Yes so you mean post results, market can react adversely to good results. That is why I only talked about April and May. Means in near future I am not seeing big fall, June and later we will see then its too far.
Correction is over due but this time nifty rally is different, this time FII buying in cash heavily and DII booking their profit. Once FII done with their part then DII will start , to take nifty past 12300 and BN 31000, and sensex 41000 , from there one can expect a down fall. Till then every 200-300 correction is a opportunity to buy .
Last rally in nifty is only circulation of cash from small,mid cap to nifty and sensex stocks by DII,Lic, fund houses.
12000 in nifty is likely by may 2nd week or before elections.
Only my analysis …
i do think so, Present bull market take a lot of time to " U" turn , i think FII’s are thinking & sensing something , i think if the present Govt does not get majority by it self , FII’s reactions will be different, probably they will follow the chart indicators , what they are indicating presently.
Agreed,but FII pumped their fund from Feb onwards, when our all the charts and indicators are in sell zone.
All our charts experts in TV crying sell on rise but FII liquidity pushed our Nifty and BN ATH.
They probably don’t follow charts, they pump mkts all over the world and then take away profits at higher edge.
Traders , correction started and intensified , post your further opinions , will nifty quickly fall to 11200 level!!!
Although it’s futile to predict, I think we all can attempt on what’s happening as on date. This is what I can see on Nifty:
This would mean if the price falls further investor will support and buy again. But this is ‘what should be’ behaviour not what’s going to happen.
Today’s 100+ plus point drubbing is not a distribution day; it lacked volume. For me it’s a still uptrend for market. Of course entry would depend on your time frame.
It’s on date, what happened is while snipping the cursor was on some old date. Hence it has picked up those index values. If you are look at time line, this is till today.
With continued curiosity , i am posting again, it seems downward moment is strong on Nifty , Traders post your analysis further here!!
my analysis :-
dont bet your home , mkt will be volatile till the election results will be out and then take a call 
My take is below -
Technically : Todays closing is very bad for Nifty below key support of 11550. But one more closing is required for confirmation. This can easily be fake breakout on downside. And for big fall, closing(s) below 11300 is required.
News/Event Based : Usually the next directional move is expected to come based on opinion polls. Now there is some days to go, I think exit polls come around 19th May. If market continues this downside more strongly, then maybe this time biggies are pricing in the exit polls earlier. I don’t think US China trade wars etc can cause such move. So we have to see that.
