The yearly high/low date/levels ... 3 month high/low date/levels are
sacrosanct.
The Feb 29th spike has violated the Feb 12th low .........if it was
10-12 points it could be overlooked , but a violation of
45 points cannot.
The distortion will continue until the market has had enough time to correct itself.
There is no further target for Nifty.
After the high on the 3rd, it will go sideways for some time.
I'm going to Ajman on the 6th, back on the 20th.
Ya gotta love the cartoon channels.
On the Budget evening, the channels were packed with
zero peformance experts ............ all holding shorts and discussing whether
6500 or 6000 was the next stop.
Keep in mind this was
long after the Budget presentation was over, and they had enough time to weigh the implications..
Before the event they have no clue, after the event they still have no clue ..........
so what purpose exactly do they serve?
Student : Oh Master, will the car turn left or right?
Master : Wait ..............................
after it turns, I will tell you