Black Fridays in the Markets are usually followed by Black Mondays.
While I will stick my neck out and say that this is not a downtrend but a correction from the recent highs and the uptrend towards ~62000/19000 remains intact – HOWEVER, if the indices fail to stabilize at the current levels i.e., around ~57100/17000, then we could fall further towards ~55776/16630.
We are not even talking about BANKNIFTY till it crosses 36797 or reaches 35705, from the current levels of ~36000.
29 Nov 21
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