Quote:
Originally Posted by jdm
another 1.5% we kiss goodbye to the 200EMA and also the immediate bottom which the sensex made on the 22nd of may.
Playful antics of the hunter after it has cornered its pray or 200EMA playing with all or whatever it may be.
If everyother indices inthe world is getting beaten can we expect recovery??
What support do we look for here?
Levels I don't know nor do I bother.If it goes to 2004 level so much the better.
Somewhere I read that in the short term market behaves like a voting machine so sentiments can put heavy pressure on indices but in the long run it behaves like a weighing machine. The real weight of Indices show up.
Let market find its own true worth ,away from the hype and hoopla built by FIIs or bears or bulls.
Till such time Wait and watch.
Global cues and FIIs are the two indications how market will behave in near future. If long term trend is broken , the consequences will be seen for years.
Pankaj
Originally Posted by jdm
another 1.5% we kiss goodbye to the 200EMA and also the immediate bottom which the sensex made on the 22nd of may.
Playful antics of the hunter after it has cornered its pray or 200EMA playing with all or whatever it may be.
If everyother indices inthe world is getting beaten can we expect recovery??
What support do we look for here?
Levels I don't know nor do I bother.If it goes to 2004 level so much the better.
Somewhere I read that in the short term market behaves like a voting machine so sentiments can put heavy pressure on indices but in the long run it behaves like a weighing machine. The real weight of Indices show up.
Let market find its own true worth ,away from the hype and hoopla built by FIIs or bears or bulls.
Till such time Wait and watch.
Global cues and FIIs are the two indications how market will behave in near future. If long term trend is broken , the consequences will be seen for years.
Pankaj