I could be very wrong... but this is a possibility.
Please note that this analysis only addresses Price and not Time. I don't know when these levels will happen but I do think they will happen. Nifty could drop to about 100000 before rising to 12000+
The fact is that fundamentally our economy is getting into deep trouble with crude rising, the Iran issue (India is the biggest crude importer in the world), the falling Rupee , FII money flowing out, balance of payments issues, pre election handouts leading to greater inflation, plus other socio-economic problems and potential socio-political instability.
There could be interim opportunities for Long positions but the major trend is down till about 10000.
As I said, I could be wrong but that's how I think right now. Thought I'd share my opinion.
Please note that this analysis only addresses Price and not Time. I don't know when these levels will happen but I do think they will happen. Nifty could drop to about 100000 before rising to 12000+
The fact is that fundamentally our economy is getting into deep trouble with crude rising, the Iran issue (India is the biggest crude importer in the world), the falling Rupee , FII money flowing out, balance of payments issues, pre election handouts leading to greater inflation, plus other socio-economic problems and potential socio-political instability.
There could be interim opportunities for Long positions but the major trend is down till about 10000.
As I said, I could be wrong but that's how I think right now. Thought I'd share my opinion.
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Almost 400 points per lot in short trades since 15th May...
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Nifty is on the way down... the economy is on the way down...
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Aggressively shorting at every opportunity