could this correction turn into a bear market?

#1
At the time the Nirav Modi scam hit us, the economy was on a good footing. Thank God for that.... if our economy was not so strong, this guy would have been the second Harshad Mehta, bringing down the entire market crashing down.

Now, what's the outlook? how long can we expect the correction to continue?
Also, crucially, should we still expect to see a bear market coming?
 

suri112000

Well-Known Member
#2
Anticipation and expectations wont work here.

We cannot rule out if the market is heading for another 3000 points down. Similarly, we cannot anticipate the market climb up and make a new high. Infact, no one can. Even the pros cannot. What is the best course of action.

Just follow the market. If you cannot make out where is it heading, be sidelines until you understand where it is moving.
 

suri112000

Well-Known Member
#4
Oh........
You want an opinion from an analyst. But they analyse the things after the events.

Anyway.....Sorry...I donot belong here.
 
#5
IMO
Nifty is not going to breach (by big margin) the low made on 7.3.18
May be some 50/70 points, but not likely below that or to say 10000.
Just my view.
 

okabira

Well-Known Member
#6
IMO
Nifty is not going to breach (by big margin) the low made on 7.3.18
May be some 50/70 points, but not likely below that or to say 10000.
Just my view.
if nifty breaks low of 10140 then 9826 seems to be rebound level ...
IF case only .
currently volume not picking up for uptrend <----

but if it breaks 10140 and reaches 9826 then we are below 200 MA.
then nifty would take its own sweet time to close above 200 MA.

nothing guaranteed though.

lets see tommorrow. !!