the correction has ended?

hi all,

the support zone (3240 - 3250) was not breached on todays closing... ... so, can we say that the market is still bullish??

even the crucial 11k mark was kept by the sunsex....

what say seniors??

has the pain ended??

If 10,750 levels is broken, then we can see the slide upto 10,250. As long as 10,750 is entact, there's nothing to worry about.

Jai Shewaramani

according to me this is no correction but a bear phase of 2/3 months....every lower top should only be used to exit & short...

If you are a trader why worry about the market levels?

Fnd the trend and profit. What does the sensex level or the economy have to do with your making money?

Enjoy the bear phase

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...

Exactly Czar

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

Devansh

Good question ... has the pain ended ?

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)

AGILENT

Hong Kong does not have any taxes