General Trading Chat

vivektrader

In persuit of financial independence.
Nifty has done 6 consecutive down close days and today if we close below the today's open and close of yesterday,it will be 7th consecutive day.. Historical data indicates that the market should reverse to upside ( and give atleast a rally ) in next 1-2 days.Previous corrections were 3-4 % and we have now done 3.5 % already from the top.

If the market does not reverse in next 2-3 days and sustain below 10150-10100 then we could be heading for a more prolonged and deeper correction than the earlier ones...now it is for the market to decide what it has in its mind. :) We should be ready for both the scenarios...

Smart_trade
Sir post # 63824
 
Shah's quote if certain scrips rally and rise beyond these designated limits in March, the stocks will be sold and profits will be booked accordingly. “There is an element of active in this passive (investment),” said Shah.

So they plan to recover the discount in march. Isn't it too early?
 

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