Just saw this in CNBC TV 18 :
Anchor : So whats your call on Nifty now ?
One technical analyst : I am looking to buy nifty here..with a SL of 7900.. The market can bounce upto 8100..as early as tomorrow.. provided there are global support..
Anchor : what kind of global support ?
Analyst : I mean..surging world markets..that can lift us ...
Anchor : But world markets are already surging for last few weeks and we are going down..what else do you want..
Analyst : Err..hmm.. this time it might happen reverse..i.e global markets going down and we going up..thats the support I am looking for....
highly hilarious and entertaining conversation indeed...
Anchor : So whats your call on Nifty now ?
One technical analyst : I am looking to buy nifty here..with a SL of 7900.. The market can bounce upto 8100..as early as tomorrow.. provided there are global support..
Anchor : what kind of global support ?
Analyst : I mean..surging world markets..that can lift us ...
Anchor : But world markets are already surging for last few weeks and we are going down..what else do you want..
Analyst : Err..hmm.. this time it might happen reverse..i.e global markets going down and we going up..thats the support I am looking for....
highly hilarious and entertaining conversation indeed...