Well The Nifty might not have broken through 4800 which was the February lows, but Sensex already have shown the trend & broken it... looks like 4450/4500 is on the cards to test the January panic bottoms. though we are getting over sold on hourly charts, i think a bottom will be made somewhere in the next few days. But we are inches away from the long term bull market trend line & chances of violation are rising, like I said the FM has laid the seeds of a bear market. We want the BJP back please.
Besides the point, Where is the stock market lobby ? The commodities lobby is marching left / right to remove the newly imposed STT our fat brokers lobby is just sitting & smiling at the FM saying Good budget on TV & then cursing him off TV. Are they so scared of the FM or are they hand in hand with him ??? The FM who was creating a furore over few 1000 points rise & banning this & controlling that, is now just smiling & saying its the world markets ???? Well was'nt the rise also in tune with world markets ???? Or is he biased to certain sector of market player ???? Did he not check the we are the biggest looser worldwide in the last 3 consecutive days ??? Wake FM the Voters smell a foul.
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6 comments:
sirji,wakeup,
its time to take little long positions....
bears are in hurry to cover positions.
nope don't be so sure, yesterday the late rally occurred because we were oversold with +ve divergence but still no signal to take positions, maybe trade but no base yet.
baron, real bottom has formed (I think, I hope!)
nope impossible, dont even dream about it... still atleast 6 more months in this bear market...
We are right now in a triangle breaking which can can atleast 7/800 points from 2650...
but we will go to 1800 levels atleast in this bear market.
can give 7\800 points either side i mean... from 2650
ok then...2650 + 700 = 3350, doesn't seem possible. Both seem unlikely actually...3350 as well as 1800
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