Todays market action forces me to lower the Red Flag,
as it seems many scrips have turned bullish.
So how can one explain the 542 point drop.?
Sectoral Churning and high prices make it attractive to have this kind of fall, Particulary if you combine the factors as below:
a. Fiis have picked up a major deal in Sbi at 2021 area before the crash.
b.Sbi Results come astounding.
c. Reliance was a expectation but the prices were high before the results.
How does one achieve these goals ?
Think about it - May be this fall was engineered to make this happen.
But what about the Fibonacci cluster problems ?
I believe due to strong Fundamentals displayed by Indian Companies, is it possible to ignore fibonacci ?
Time will tell.
I was wrong in putting up the Red flag warning. So i am forced to scale it back after review of the markets.
What is going up?
I like Bajaj auto,Bhel,Sun Pharma and Suzlon.
as it seems many scrips have turned bullish.
So how can one explain the 542 point drop.?
Sectoral Churning and high prices make it attractive to have this kind of fall, Particulary if you combine the factors as below:
a. Fiis have picked up a major deal in Sbi at 2021 area before the crash.
b.Sbi Results come astounding.
c. Reliance was a expectation but the prices were high before the results.
How does one achieve these goals ?
Think about it - May be this fall was engineered to make this happen.
But what about the Fibonacci cluster problems ?
I believe due to strong Fundamentals displayed by Indian Companies, is it possible to ignore fibonacci ?
Time will tell.
I was wrong in putting up the Red flag warning. So i am forced to scale it back after review of the markets.
What is going up?
I like Bajaj auto,Bhel,Sun Pharma and Suzlon.