Day Trading Stocks & Futures

That means you are no less genious ....anything can happen in the market but for 8000 too many things have to go wrong simultaneously and we can trust our Govt to fail to do all wrong things at a time also......

Smart_trade
Da. Going to 12k was actually an anomaly because of election hype i think. Otherwise it would have been a double top on monthly because of extension in last year in my view.... Now below 10k would be bear phase. The first and strong support is 8k.

Others, please don't blindly believe this, i don't want you to be like me.. take care, see you again.
 

Riskyman

Well-Known Member
8000 would require chaos in world economy . Screw up from just our government would not enough.
8000 is really not a big deal like you think. Barring 10 odd stocks rest of the Nifty components are already at 9000 said one report. If you look at the larger market, you can see the chaos specially in Mid/Small caps.

I think we grossly underestimate the market by thinking it cannot do certain things. Fact is 40-50% corrections are not uncommon in long term bull markets. After such steep corrections markets will climb back and make new highs. Look at the down jones . It has seen multiple bear phases within a larger cyclical uptrend.
I remember back in 2015-16 when Nifty was at 9200, no thought it would go to 6900-7000 levels but it did.
If you are an investor, you should be happy to find such huge dips.
 
Da. Going to 12k was actually an anomaly because of election hype i think. Otherwise it would have been a double top on monthly because of extension in last year in my view.... Now below 10k would be bear phase. The first and strong support is 8k.

Others, please don't blindly believe this, i don't want you to be like me.. take care, see you again.
I respect your analysis....you may be right...

Smart_trade
 

Similar threads