European Markets are 20% from 52 week High. Dow Jones nearly at 2010 year low. Asian markets also corrected. How come Indian Market is overcomming global peers. Do we see a correction in Indian Market. Please advice
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My dear Friend,
Indian market can not rise of its own..
With Fiis changing the trend with buying and selling at their benefit our market is bound to follow in future if not now.
When ever Indian market rallied ahead of counter parts the sell off was sharp..killing all those who learned the art of buy on declines...May be the correction is halted due to likely positive results of corporates for the June quarter...once the results season is over, especially Big Giants like ril,infosys,sbi etc, our market will join world market...and move in tandem.
Fiis are trend changing players...it looks after selling out in May they are now trading in Indian market with positive bias...If some on thinks correction is un touchable now..it is time to think again...Market has rallied keeping many gaps un filled...it will be filled....once it starts its journey...Though every thing looks rosy now....nothing can be assured about the future...market is now in strong hands....till 5117 levels nifty futures has many supports...so it will keep on bouncing at every support and rally..till 5365-5400 is taken out market will be again in trading zone...I hope before any big sell of market will give us some hint..let market break key support levels..till trade both sides
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