#Nifty close below 23600 will be bad technically..
As overall Markers are Fully OverSold, It can't be confirmed with 1 day closing..

But on Intraday basis.. Nifty opens up for 23200 - 23400 👍
23000 - 23300 should be next strong support zone..👍
Any close below 22800, We are out of Bull Trend, which doesn't look like the scenario anytime soon👍

Also,
Everyone will be in loss in Such Markets..
It's your choice if you want to keep this loss temporary or permanent..
So, Stop crying for the losses but look at the opportunities & how you can minimise your losses✅

We are hopeful that today is fake onetime breakdown & we can see Strong Pullback from Next week..
One should use this Dips to Buy 👍

#Reliance is down from 1608 to now 1254 -a fall of 22% from July24.

Stock had one way rally from Oct 23, 1110 to 1608 which is 45%.

But before the rally, has the stock given similar falls? Lets look at last 5 falls in it.

Jul-Oct 2023: 1428 to 1110 (22%)
Dec22-Mar23: 1378 to 1090 (21%)
Jun22-Sep22: 1408 to 1150 (18%)
Oct21-Mar22: 1375 to 1090 (21%)
Sept20-Jan21: 1185 to 915 (22%)


Average drawdown is 20.8% and current fall is 22% almost near it.
Last 5 fall cycles suggests that Reliance Bottoms Out around 20 - 22% Fall.. We are near to it👍👍

#IOC is Hold.. with Revised SL of 126,
Stock looks good here to Add also & can rebound strongly with Markets 👍

Trading + Delivery Buy:

Buy Spicejet
In range of 56 - 61
SL : 52
Target : 64 - 68 - 76 - 80

IOC📈📈
1st Target almost Achieved ✅
From 136 to 144👌👌
35k++ Profits per lot💸💸
Book Partial Profits & Trail SL👍