Today banknifty might show below 21500 lvls. So are motive is buy on dips for swing.
2 reason behind this.
1. Yesterday we got us and Germany gdp data which is worst ever in history. More than analyst projection and later fed announcement that they will support to Market for nxt one year and continue thier buying in bonds etc.
2. Another thing is fed will going to announce round 2 booster pakage for mrkt which will boom to mrkt in coming weeks so are perspective is not for long term investment just fot 5-10% in positional.
GDP FALL SHOWING THAT MARKET DIDN'T GOING TO GIVE ANY RETURN FOR NXT 2-3 years to investors. As what we saw in 1929,1974,1987 fall that time condition is much better than now.
.Its my own opinion.