Nice discussion goin on ,..
CZAR,.. Ashishda ,.. if such seniors are confused about the market trend? its surprising ,..!! or i think still people are biased the way market moved since past few years. As it got corrected everytime, it got a sudden spike and made new highs. Now, for the very first time since past 4 yrs we r witnessing no buying support is coming from FII or domestic funds. We are seeing bounces but its not sustaining.
question is are we into bear phaze ? answer could be NOT YET.
markets are getting consolidated between the range of 18400-16400.
now 3 day closing below 16400 levels can confirm the down trend for next 2000 points and may be again few closes below 200 DMA with good volume can confirm downtrend and then we can see the bear phaze.
ur views plz.
regards,..
Darsh
CZAR,.. Ashishda ,.. if such seniors are confused about the market trend? its surprising ,..!! or i think still people are biased the way market moved since past few years. As it got corrected everytime, it got a sudden spike and made new highs. Now, for the very first time since past 4 yrs we r witnessing no buying support is coming from FII or domestic funds. We are seeing bounces but its not sustaining.
question is are we into bear phaze ? answer could be NOT YET.
markets are getting consolidated between the range of 18400-16400.
now 3 day closing below 16400 levels can confirm the down trend for next 2000 points and may be again few closes below 200 DMA with good volume can confirm downtrend and then we can see the bear phaze.
ur views plz.
regards,..
Darsh
if we all wait for the confirmation of the bear mkts @ these lows , what fodder will there b left 2 feed the licking bull....
invstrs should choose 2 ride the intermediate trends rather than start a fight for the bull , bear top bottoms.....
the life time low of sense is 392
the high is abv 21 k
now if we gonna find the levels of 13 , 14 k TO start a bear run.....imagine , wiping of NEARLY 40% OF WHAT OUR ANCESTERS LEFT FOR US SINCE THE SENSEX WAS BORN......