Sensex

Is the stock market heading for a fall Continued….

Hi Friends,

On 9th November I had written a post on do we see the market falling further. Well the markets have actually fallen fron a level of 26000 to 24,500. I also mentioned that ideally the market should have been at any level between 24-25 thousand. As the market have overgrown I estimated them to fall further to around a level of 23000 and possibly rebound back.

The last formation we saw on the technical chart actually shows a fall further to what we saw on Friday and possibly the market may be trying to form a lower level and may possibly return back from those 23000 levels.

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While these are my views so you may not consider for any investment purposes. But for people who have their money parked in other places may look at returning back to the equity market.

All the best Cheers!!!

 

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