correction imminent for indian stock market

#6
hii dont get over confindenced to think that nifty will straightly rised to 8500 and then correct.economic conditions are so exuberant.Of course bad times are over.Upa govt had taken harsh decisions for controlling indian economy..from a downfall.Good times are there...but market is going to correct...
 

stock72

Well-Known Member
#7
hii dont get over confindenced to think that nifty will straightly rised to 8500 and then correct.economic conditions are so exuberant.Of course bad times are over.Upa govt had taken harsh decisions for controlling indian economy..from a downfall.Good times are there...but market is going to correct...
6900 level still bearable .i feel correction of more than 1000 points from recent peak ..in this case 6500 ..on the other hand reaching a good height to shed 1000 points in a likely event ..anyway let's trade the moves
 
#8
hii dont get over confindenced to think that nifty will straightly rised to 8500 and then correct.economic conditions are so exuberant.Of course bad times are over.Upa govt had taken harsh decisions for controlling indian economy..from a downfall.Good times are there...but market is going to correct...


But which is the level ??
 

tradedatrend

Well-Known Member
#9
Expecting a short term correction of 6950-7000 of nifty..then market may bounce.
since the last 15-18 months, low has been around 5100-5200 (if my memory serves me correctly) - and none of the time market fell for 10%, and what u are not talking now is over 10% fall

pretty skeptical, as in the retail people are more of in bearish mood (though they talk about bullishness), before making all the bears insolvent i am not expecting any big downward move

since its 5100-5200 all i have observed is that it has been a buy on dips market, rather than sell and wait market, latest example was 7950 low

in this duration sellers with patience have become heart patient :p