People looks for big opportunity to invest and when those opportunities comes in the form of Lehmans or China they just don’t dare to step in to the market add those who dare have been the most successful.
The media plays the bigger role of a bull and the bear at the best and most of us get hypnotized through them. Avoid much of tele media. Your tv hero could make you zero.
Nifty has corrected from 9119 to 7600+…around 16% from top and how much more before we set for a solid full time bounce again???
Let me talk about the extreme worst case scenario.
For Nifty I don’t see it breaching below 7229/7230+- that is my bottom level however before arriving to 7229/7230 it will get tough fight from 7583-7568 & 7511-7459.
I would also love to mention what could happen if Nifty breaches and trades below 7229…In that case it could correct further upto 6782/6694 with no support in between which means if am buying till 7229 I will keep a Panic fund which I should utilize close to 6782/6694+- levels only.
Create a Panic Fund to be deployed only during panic. Start adding in tit bits rather hunting for big bargaining else you will end up with nothing I bet.
Those who are in love with the banking stocks and who have been buying till now should also keep a look at the Bank Index. 16254 was a key support for it and today most likely it will closed below it and below 16254 I see support close to 15740-15550-15316-14793-14765-14447 where you can add again in parts.
Just to remember that below 14447 the next support is around 13317+- which is the major one…the top one. Just try to analyze the gap between each level. These are support level.
Now comes the Sensex@ With todays fall first support is around 25024 where below 25000 it finds support around 24694 & 24217 where 24217 is the most important support level for it because below 24217+- there is no support till 22688/22403 which is good 1500-1700 points.
So this is what can happen max to max in my believe. So do not Panic & Fear and do not let it spread.
Spread Confidence.
The media plays the bigger role of a bull and the bear at the best and most of us get hypnotized through them. Avoid much of tele media. Your tv hero could make you zero.
Nifty has corrected from 9119 to 7600+…around 16% from top and how much more before we set for a solid full time bounce again???
Let me talk about the extreme worst case scenario.
For Nifty I don’t see it breaching below 7229/7230+- that is my bottom level however before arriving to 7229/7230 it will get tough fight from 7583-7568 & 7511-7459.
I would also love to mention what could happen if Nifty breaches and trades below 7229…In that case it could correct further upto 6782/6694 with no support in between which means if am buying till 7229 I will keep a Panic fund which I should utilize close to 6782/6694+- levels only.
Create a Panic Fund to be deployed only during panic. Start adding in tit bits rather hunting for big bargaining else you will end up with nothing I bet.
Those who are in love with the banking stocks and who have been buying till now should also keep a look at the Bank Index. 16254 was a key support for it and today most likely it will closed below it and below 16254 I see support close to 15740-15550-15316-14793-14765-14447 where you can add again in parts.
Just to remember that below 14447 the next support is around 13317+- which is the major one…the top one. Just try to analyze the gap between each level. These are support level.
Now comes the Sensex@ With todays fall first support is around 25024 where below 25000 it finds support around 24694 & 24217 where 24217 is the most important support level for it because below 24217+- there is no support till 22688/22403 which is good 1500-1700 points.
So this is what can happen max to max in my believe. So do not Panic & Fear and do not let it spread.
Spread Confidence.
