Nifty and BankNifty tanked heavily based on news of recession in the US and fed rate hike. Though there was some recovery but it could not sustain and fell down to 17325 levels. BNF tanked heavily as explained on my Friday morning brief up. The next event is on 30th ie RBI policy. Market may have one more dip to 17186 levels and likely to be bounce back to 17400 levels and hover around till Friday event. Paper stocks have recovered and likely to move ahead. Market is highly oversold and can bounce back anytime. Stay invested in quality breakout stocks. Have a good trading week. Happy swing trading
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