Nifty at 50 retracement and level of interest to 10 260 levels
Nifty fell from 11000 to 11260 levels in three sessions. we may see nifty losing steam here and react from this zone. this zone also happens to be the 50% retracement of the previous fall. i am watching this level closely. i will be initiating short trades from here on in Nifty and other weaker stocks if there is a negative signal on nifty.
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini