Following lines were told in Mid-session Outlook today:-
1- short covering rally was possible and being seen.
2- Weakness signals not seen today.
We told that weakness signals not seen and Nifty recovered more than 100 points after above posting today.
We told for only for short covering rally and it was seen also. As it was short covering rally therefore it fused after short covering
We are in Bear market and following line was told in Pre-open Outlook today
Voltality remains high in Bear markets therefore never try to understand that rally has been started
Clear selling at higher levels and more down moves will be seen.