All sars and Madams,
Nse Building hit 8992.50...less than 9000....
Market started rally...from 7893.80
1098.70 points so far from 26.12.16
Every one is eyeing U P Elections.
Bjp had got 43% votesl in last Parliament elections. So even if it falls by 10 percent, this time, for any reasons, Bjp is likely to win the seats....if we beleive in old statistics and current mood of Upaites.
So it can be a boon for Central Govt as not only Bigggest state of the country will go with them but also their numbers in Rajyasabha will get increased which can make them capable of making decisions.
As a common man, I think its a positive news for market...
market is already overpriced comparing with Asian counterparts ..
Also its near its peark of previous valuation.
So do u think market already Topped out?
If not whats ur likely top for our Market...Or top for market starting its Downward journey/profit booking?
If market is not topped out what are the levels where we should use sl for shorts if already taken or if want to take?
All are invited.....may we have ur opinion.......either techncal/or as a common traders.
thanks......I will give my opinion also....though mostly u know my opinion as I have been giving my views on other thread......with ifs and buts.
I forgot to add...Fiis are the biggest buyers in market as New allocation to India must have been utilised/still to be utilised by them. They are heavy buyers every day, not giving any single day negative figures///
They have made money in good percentage...May be hedge funds or equity funds..Untill they become negative we should also watch them every day.