Almost all the markets going in red will be a major factor on Monday. Market has been moving up but the momentum was dying since last few days. Here is a comparison chart with Nasdaq. It is amazing to look how the indices made similar moves around similar times. In short, 10% correction is quite possible in near short term. This view goes along with other stock...
There is a very strong support for the BSE Sensex which has been successfully defended in multiple watershed points in Indian history
1) 1980, when Indira Gandhi came back to power. Mrs. Gandhi replaced a government which was seen as being more friendly towards US and corporates.
2) 1984, when Indira Gandhi was assassinated amid the Sikh extremist movement and...
