Levels keep on changing little with time. In my last article dated 29th Sep I talked about 8226+- as the key level which was keeping the market uptrend going at that time. The level got changed to 8320+- which I have been mentioning in my twitter handle @moneymystery where I have been more active in the recent time and once the Nifty closed below 8320 the caution message was posted along with a expected probable correction of 8-10% from 8320 where we saw Nifty corrected by over 400 points in just 5 trading session below the 8320 level.
Now what???
Panic period is the period where you get a chance to add up quality stocks....don't get panic however use the panic period in market for own development.
Even in last Feb month there were many biggies who were left out as they were expecting the market to dip more n more which did not happened.
When we have the best PM with us why to worry??? The entire world would bet on the best.
People will start recognizing the value of every rupee spent which many forget.
Well Bank Nifty is the only index which is still strong & 1000 points above the Laxman Rekha which is right now placed close to 17400/17365+- where it is currently trading around 18400.
A Possibility@ Bank Nifty has the room to fall another 1000 points close to its Laxman support rekha and where other indices like Nifty & Sensex could also bottom out along with Bank Nifty and we see a big bounce there after.
Let see if the above possibility works out.
Now what???
Panic period is the period where you get a chance to add up quality stocks....don't get panic however use the panic period in market for own development.
Even in last Feb month there were many biggies who were left out as they were expecting the market to dip more n more which did not happened.
When we have the best PM with us why to worry??? The entire world would bet on the best.
People will start recognizing the value of every rupee spent which many forget.
Well Bank Nifty is the only index which is still strong & 1000 points above the Laxman Rekha which is right now placed close to 17400/17365+- where it is currently trading around 18400.
A Possibility@ Bank Nifty has the room to fall another 1000 points close to its Laxman support rekha and where other indices like Nifty & Sensex could also bottom out along with Bank Nifty and we see a big bounce there after.
Let see if the above possibility works out.
