Yse, it is somewhat likely that such pattern is formed. I am keeping my fingers crossed.
Now Dow is Down by 5%
Nikkei is down by 4.5%
Hang Seng is down by 5.36%
Straits Times down by 4%
Today market will make new low of 2008
it will take 2-3 day to recover. market sign are still bearish.
Next target for BSE sensex is 9000
for Nifty is 2800
it will be sooner or letter in 2-3 months.
Market condition is too dangerous
it will happen, and share price of some of the stocks will be back to their allotment price.
at least 60% to 70% loss on maximum shares is projected. condition is too much poor for stock market.
Portfolio of many Investors has been reduce to 10% or 30% which is very sad.
We can only be bullish after 2009
Happy Dussehera JV, Rajandran, Amitbhai!!
Rajandran: My thoughts exactly! I picked up CE3700 in the last session (I will book loss if 3000 breaks, even if it does my loss is Rs.1600 only). That's why I didn't go for strangle/straddle like I normally do.
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