The market went down by around 0.6% today Nifty ended @ 5550 (down 41) and Sensex @ 18497 (down 111).
Considering the sell offs in US & Europe around 2% and in Asian Markets around 1.5% - the fall in Indian market seems pretty low.
However - the volume for the past few days has been much below average 90000cr against 100000+ crores usually.
If tomorrow the market goes below 5420 then one can expect a further fall of 1-2% till 5350.
This time if 5350 does not hold then - there is likely to be a free fall to 5200 levels next week.
Wait for the correction before buying in to this market.
Considering the sell offs in US & Europe around 2% and in Asian Markets around 1.5% - the fall in Indian market seems pretty low.
However - the volume for the past few days has been much below average 90000cr against 100000+ crores usually.
If tomorrow the market goes below 5420 then one can expect a further fall of 1-2% till 5350.
This time if 5350 does not hold then - there is likely to be a free fall to 5200 levels next week.
Wait for the correction before buying in to this market.
No comments:
Post a Comment