Market is in Deep recession and future conditions are more terrible Market to see more downside.
ICICI bank and Yes bank are in Huge loss in overseas operation and investment.
Still more pain is left.
10% to 20%
Amit Ji is it a failure for Technicals today or in my learnings. Coz though there is a formation of Bullish abanoned Doji followed by a hammer. Is than hammer to hammered the markets?
that's not 100% true Nifty was making 3 falling peaks and head and shoulder pattern, after every 8 years there is correction in the market.
and correction is upto 56% from the peak. Technically noting is wrong. We have seen long bullish market so we are not ready to accept this downfall.
In Weekly and monthly chart of Nifty.
Nifty is making wave 4 and wave 4 retace upto 50% 0r 618% 50% is crossed 618% is yet to touch. and and in daily chart is making wave 5.
Tata steel, Reliance Ind. Reliance Comm, Rpower, ICICI bank, all reality sector are making wave 5 and in wave five this type of things happen.
Don't act on single bar act on pattern, in such market conditions single bar can't do anything.
As per Nifty future there is 3 River Evening White star which indicates
Continuation of bearish signal.
If u check Bramesh blog about Bear Market 2000-2202 : Replay in 2008
Check the 56% from the top and u will get the bottom price.
Oh come on Amitbhi, ICICIBank said they have Rs 126 Cr loss because of Lehman. We all know the whole market is falling. There is no fundamental reason! Even when Reliance went from Rs.1500 per share to 3000/share their profit had not doubled!
haa haa....hammer to hammer the markets!! Maybe! Now I have just resigned myself to making money off my puts rather than my calls.
Hi Everyone,
Year 2008 was one of the worst year for all people involved in IT sector and in stock market. In past, financial sector and IT sectors were among the major contributor in the country followed by Auto sector. But now these three sectors are struggling to recover from there losses.
From investors point of view, we are considering it as an opportunity to make fortunes in Indian stock market. Only thing one has to do is to pick right stock at right time.
There are many stocks available in the stock market which can be considered as virgin stock and are ready to blast any time. Now the question arises how to go for stock selection? Which stocks are to be picked and which are to be ignored at these levels.
All investors can simply check Research report and can see why to buy or not.
Regards
Regards
SHARETIPSINFO TEAM
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