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Nifty trend becomes sideways now and will regain strength only on closing above 10925. Below 10725 on closing basis it will lose more strength.
When everybody was in panic we at AOT predicted a bottom formation in Dow near Dec 2018 low. Since then we have witnessed a rally of more than 2000 points just in 2 weeks.
As indicated Dec low is maintained in Dow and so a short term bottom is in place. So keep buy on dips strategy now till Dow closes below 21650 convincingly.
So far 21713 is Dec low and it looks like that a short term bottom is in place. So keep buy on dips strategy now till Dow closes below 21650 convincingly.
Buy on dips trend is intact so far. Nifty found support exactly near Gann support 10550 and a good rally followed from there
Any close below 26650 in Bank nifty will indicate some more corrections but trend will remain buy on dips