For me it is just beginning of a strong correction…
PSU banks may lead…with such frauds & NPAs…
Looking at Dow Jones & S&p also. it seems waiting for correction even though it is recovering daily …
You guess would be as good as mine!
10000 is very strong Base I don’t see market falling below this Levels.
Only Time and Market Conditions in Future will let us know what will happen.
May be very naive question , but how did you identify 10k is strong base? is it just because of psychological support at 10k?
or any other technical indicator confirm this
easily, it’s within the annual volatility.
Nifty is way overbought. Depending on the fundamentals going forward, if bad we might close in that neighborhood at the end of this year.
Which means no returns in this year and we just have to wait for next year.
Move has already started towards 9000…Enjoy the ride…