what ever we are witnessing has not yet broken the trend that had started post 2009, the market some what defended 9k mark
but if demand dosent show up in the next couple of months, the index will have a lot of trouble with a possible downside to 7k range, with a strong support at 6337 which besides being the highs of 2008 and 2010, is also the 62% fibonacci level of the entire trend so far…
since 2016 bulls have always tried to defend the median line of the channel, and recovered with a spring action, if such a response comes back or not is the scenario to monitor…
i had liquidated most of my portfolio in december, missed out the profits in midcaps in the last couple of months, and have been focusing on very short term trading the markets…