THIS IS THE RIGHT TIME TO LEARN ABOUT THE STOCK MARKET.
15733 is significant support. Nifty is holding it so far but the gap down is a concern. if the market has to break this support it will break by a gap down.
Nifty will bounce back stronger than Dow and NASDAQ. Even big investors make losses and sometimes the losses overshadow the gains.
Volatility was a big feature thru the week and it was never quite clear as to what the market’s real intent was. Gaps on either side every day was a feature and traders kept getting tossed from one side to another. This kind of rapid to and fro movement prompted one of the market’s leading lights to comment that the market seems to have been taken over by an...
We are not inclined to call this move as a new bullish trend because the time taken for the correction is too less compared to the length of the prior bull market and hence we believe this to be a corrective rise, albeit a strong one.
With the 50%, retracement level now exceeded, the possibility of a move to 62% retracement which lies at 10500 levels.
Nifty...
The strong bullishness seen on the charts could not manage to exceed the resistance zone highlighted on the charts around 22000. With the uncertainty been displayed once again, we are now looking at a tentative stance on the index. The weakness can once again look to drag the index swiftly lower as we saw the trends accelerate aggressively.
