Nifty and BNF opened Gapdown and tried to recover. The bears were very strong and brought the market down. Some heavyweights like, HDFCBANK, Reliance and others were beaten badly. Surprisingly all midcaps did well. Index game + news based shorting and weekly expiry. My guess is that the weekly rollover is done and the markets are highly oversold. We may see a recovery initially and if the bears are strong more selling can happen. 19800 is a rock solid support. Except the tussle with Canada all seems to be well on political front. Fingers crossed. Have a good trading day. Happy Swing trading
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