Read this one at economics times today...
This principle says any sustained bounce in a stock market is usually followed by a correction of approximately half to two-third of the change in price movement.
Every time since 2008 In a bull run the correction is approximately 50% of the bounce.
With this theory we can expect NIFTY to reach 8772 . This will be a perfect time to add on ..
Will this level come..only time will tell :-)
This principle says any sustained bounce in a stock market is usually followed by a correction of approximately half to two-third of the change in price movement.
Every time since 2008 In a bull run the correction is approximately 50% of the bounce.
With this theory we can expect NIFTY to reach 8772 . This will be a perfect time to add on ..
Will this level come..only time will tell :-)