NSE:NIFTY: Party is over… pack your bags and go home.

 

After touching the target line on 20th Feb. Market is turning negative, I am expecting to retrace back to 5150 or even 5000…. I won’t be surprise with a 100% retrace back to 4600 but that will take time and dead cat may bounce back after some initial fall.

The idea is to get out and stay out of NIFTY until I say to BUY again. If you like to take risks…  SELL NIFTY with STOP @ 5650