Hi, 7000 is lot of capital wipe-out from the markets. Not sure if the Market Participants/exchanges/SEBI allows it. Just like they halted trading and market participants entered back in to the markets.
In day's like yesterday, Sudden downfall happens when AMP(Authorized market participants) stays off, but SEBI/Exchanges had to reassure them with necessary measures to fill confidence in them.
But your analysis seems to be seriously interesting, on a longer note(More than year) if a recession is in sight, then no one can stop market reaching your targets.
But as I mentioned, a serious capital wipe-off will have a deep impact on the next gen investors and traders
k314
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@Tradepro_MoneyFlow,
SEBI is only a regulatory body and has very limited role in controlling market moves. Exchange has circuit breaker triggers (both UC and LC) in place which is nothing but a computer program.
Market movement is driven by the sentiments of the participants. And sentiments are formed by various factors which is beyond the scope of exchange and SEBI.
I never publish my charts with certainty and I am open for all possible moves. Expecting a bear market from here on. Any bullish move from here will be considered as a retracement/pull back and not a reversal. In fact if you see my previous Nifty analysis had clearly mentioned that the bullish trend is on as long as 10637 is intact (with proper reasoning).
Nevertheless I am prepared for Nifty 6300 (even 4500) as well as new all time high (if that happens). Anything is possible. Just going with the tide and what charts say.
Tradepro_MoneyFlow
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@trex88, Yes Agreed to your point. With a size of 2 Trillion, an UC or LC in Nifty is a very rare scenario and this happens only when Market participants or Market makers stay's out of the market due to liquidity issues.
In any market the above phenomena is common. But it's the duty of govt to take necessary action.
Your analysis might get correct, but this will erase confidence in Indian markets and indirectly Indian economy.
Anoj_Satapathy
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Wow...same analysis...please refer my blog/post yesterday...its the same but in daily chart..again hats off to you mam.
k314
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@Anoj_Satapathy, Thanks. Lets wait and watch to see if the analysis is going to be right or wrong. Too early to accept your compliment :D
Anoj_Satapathy
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@trex88, Yes. Agree. Don't worry about some good pull backs if you see coming wk. The end is what you observed.
Parasuram
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it will take some time.. by diwali
k314
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@Parasuram, Not sure about the time. It could be much sooner too! Sooner the better for bulls :D
In day's like yesterday, Sudden downfall happens when AMP(Authorized market participants) stays off, but SEBI/Exchanges had to reassure them with necessary measures to fill confidence in them.
But your analysis seems to be seriously interesting, on a longer note(More than year) if a recession is in sight, then no one can stop market reaching your targets.
But as I mentioned, a serious capital wipe-off will have a deep impact on the next gen investors and traders