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