Since beginning of year 2011 we
expected downtrend in market. We were anticipating market around 14,000 though in
reality sesex come down to 15135 (intraday low 20th dec 2011)
A very strong rally
started in Jan-12, with higher volume has taken sensex to the high of 18500 in
Feb-12. Current rally nullifies the last year downtrend & will prepare for
base for uptrend.
Rally also conveys formation for strong support at 15000 nifty 4600 in any unforeseen negative events.
Rally also conveys formation for strong support at 15000 nifty 4600 in any unforeseen negative events.
This rally happened at
very fast pace. We will see further correction. This correction will give lots
of buying opportunity for long term investment
Disclaimer:
Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed on this
Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed on this
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