exactly once the traders adjust to the new trend its going to be fun...with a downward bias...so the time for free tips & eyes closed buying is halted...
the day of the tipster and "market experts" is over. The last few days were a nightmare for guys trading on tips. Esp if they were into future, mercy on their lost money.
Hope they get some sense on the way down and use the trend as their friend rather than the "panwala's" tip
Well I think some more is to come... u heard what Sitaram Yechury had to say today...there shd be a 15% tax on LTCG (by the way, u know of any other country where LTCG on shares is NIL ?)
IMHO what we are seeing is a secondary downturn which has to run out its term. Strictly secondaries retrace from one third to two third of the preceding rise ... which btw translates to at least 2000 pts on the sensex.
So brace yrself for some more pain (and mind u ... dont get misled by rallies in the interim)