Any forecast for Nifty and Sensex?Is our market resilient to Dow and S&P?
If you guys has read about Cyprus, then you will know how the middle men, salaried, and pensioners will be paying from their own (tax deducted) saving for the financial crimes committed by the political and high powered individuals over there. Their bank balances will be compulsorily reduced by 10% from Monday no matter what the type of account. That's the news by far.
So you can imagine what sort of difficult situations the common man can face for no fault of their own.
Congress has practically ruined our investment and financial market by taking many corrupt and unreliable decisions.
But our market is near its strong support of 5665 and this is the second Gann Turning Day. and if patterns are to be believed then a rally in brewing in this negative sentiments as unlimited value buying opportunities are available to the investment community at this point of time.
If if you take Dow and S&P targets, which I have mentioned in my previous thread, investment community will take some time to digest that this negative sentiment is investment opportunity.
So keep an eye only on large caps for quick money and forget small and mid caps for time being.
And no targets as of now but keep out from initiating new shorts and cover old short trades.
Bye