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NSE – 90 percent Down Days and Gap Downs

March 2020 Expiry had seen four 90% Down Days and 10 Gap Downs Opening:

FRIDAY, 28 FEBRUARY 2020  – (90% DOWN DAY) – NIFTY50 CLOSED AT 11201.75

MONDAY, 9 MARCH 2020 – (90% DOWN DAY) – NIFTY50 CLOSED AT 10451.45

THURSDAY, 12 MARCH 2020 – (90% DOWN DAY) NIFTY50 CLOSED AT 9590.15

MONDAY, 23 MARCH 2020 – DOWN CIRCUIT + (90% DOWN DAY) NIFTY50 CLOSED 7610.25

This is unprecedented that all these Four days were actually Gap – Down Openings.

This is nothing but Sure sign of Panic Exits at whatever prices (levels) one can exit from the Market Positions including Cash Investments and/or Derivatives.

If this is not the Fear then what could possibly be… and as Warren Buffett once said that as an investor, it is wise to be “Fearful when others are greedy and greedy when others are fearful.”

 

 

Live Example of 90% Down Days:

TOTAL NSE TRADED STOCKS 1477* on FRIDAY, 28 FEBRUARY 2020

UNCHANGED STOCKS: 27
STOCKS CLOSED POSITIVE: 110
STOCKS CLOSED NEGATIVE: 1340 – (90% DOWN DAY)

TOTAL NSE TRADED VOLUME: 244CR (absolute numbers NOT amount &/or Value wise)

*Source: National Stock Exchange

Data becomes known after Market hours, only.

Therefore, Next Day Opening &/or Closing becomes all important.

All Stocks are Included like NIFTY 50 to NIFTY 500, Mid-Caps, Small Caps, Micro-Caps.

 

90% Up Days should end this Panic. So, waiting for that should be a prudent Strategy.

Last Week, DOWJONES had seen 90% Up Day. Which means, Bottom is found there.

GDP to Market Cap Data, Exchange levels BUYING Selling Data is Macro Data.

 

 

We will initiate BUY in Nifty BankNIFTY Futures and Stocks Futures only in accordance with Pillars’ Strategy Rules & Set-Ups.

Visit attached URL for more Details: http://rockettrades.com/march-2020/

 

 

 

Speak to Nilesh Jain for more details or any Query, Doubt.

WhatsApp / Phone: 09900330558 (During Market Hours)

Fee Only Research Analyst from Bengaluru.

Rocket Trades, SEBI RRA INH200002978

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