Hi Nimish,
You did not get the reason behind that post. That post is not as straight forward as it seems to you. I request you to ignore those particulars lines, or that post in total. No, I did not say that HEROHONDA, and other 2 stocks will be going up. I was bearish(and continue to be) on them, and the market in general.
Yes, I have given the bear call when NIFTY was trading at 4700 levels and been premature on giving the call since NIFTY is still trading higher. I find it difficult to be correct every another day. Hence, I am maintaining a one-way opinion that does not change every two or three days.
The reason for all the repetitive bear calls is that I am seeing clear signs of weakness in the NSE's top 100 liquid stocks. This is true for all the bear calls given till date. As long as weakness is seen, I will continue to be bearish.
The weakness seen in the background just does not go away within few bars. Markets can be marked up temporarily depending upon how opportunity(most commonly "Global Markets") presents itself. However, the weakness will manifest itself. If there is weakness in our markets, foreign markets cannot resolve it in a day. If you check my views, I have been giving them well before the U.S. markets open and close. Also, you know how volatile the U.S. indices have been lately.
On Friday, when we had violently recovered from -80 to -10(and closed -42), most of them had suddenly become bullish to a great extent. However, I had seen significant professional selling into the up bar and hence had taken a bearish view of the market.(Please let me know if I should attach the chart)
Today morning, when Asia was trading 3% higher, I was kind of "shaken out" of my bearish view, but remembered that I had spotted professional selling into up bar on Friday which is a major sign of weakness. And true to the weakness, we couldn't maintain the levels and came down sharply.
You did not get the reason behind that post. That post is not as straight forward as it seems to you. I request you to ignore those particulars lines, or that post in total. No, I did not say that HEROHONDA, and other 2 stocks will be going up. I was bearish(and continue to be) on them, and the market in general.
Yes, I have given the bear call when NIFTY was trading at 4700 levels and been premature on giving the call since NIFTY is still trading higher. I find it difficult to be correct every another day. Hence, I am maintaining a one-way opinion that does not change every two or three days.
The reason for all the repetitive bear calls is that I am seeing clear signs of weakness in the NSE's top 100 liquid stocks. This is true for all the bear calls given till date. As long as weakness is seen, I will continue to be bearish.
The weakness seen in the background just does not go away within few bars. Markets can be marked up temporarily depending upon how opportunity(most commonly "Global Markets") presents itself. However, the weakness will manifest itself. If there is weakness in our markets, foreign markets cannot resolve it in a day. If you check my views, I have been giving them well before the U.S. markets open and close. Also, you know how volatile the U.S. indices have been lately.
On Friday, when we had violently recovered from -80 to -10(and closed -42), most of them had suddenly become bullish to a great extent. However, I had seen significant professional selling into the up bar and hence had taken a bearish view of the market.(Please let me know if I should attach the chart)
Today morning, when Asia was trading 3% higher, I was kind of "shaken out" of my bearish view, but remembered that I had spotted professional selling into up bar on Friday which is a major sign of weakness. And true to the weakness, we couldn't maintain the levels and came down sharply.
