Markets mayhem yesterday. Most investors / Traders are frightened.
Technically, Nifty daily chart has gap at 7819. Low of this gap is at 7723. We have this level as intermediate support.
SGX Nifty indicating gap up opening by almost 100-150 points as at 7.45 am.
This is an opportunity of exits for those who's positions are stucked.
Question is whether one should buy this expected gap up. The answer is NO.
Wait for the Markets to stabilize. There will be many buying opportunities in days to come. So relax.
Because of FNO expiry, Markets can see Short unwinding which can take Markets up.
Very short term Traders /intraday traders can see this as Trading opportunity.
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