Markets starting from Austrailia to Taiwan took a plunge on Monday morning thanks to a massive slide on the wall street last friday. We are right in predicting weaker economic US data and in believing the last week's rally as a mere technical pull back.
While Indian economy has legs, Indian markets might not see new highs given the double trouble in the global markets. More and more sectors are witnessing bullish run. SREI Infra and IFCI has broken out in charts from a medium term perspective. For now it is not advisable to venture into Indian markets given the global bleeding but adding on dips is defintiely not a bad idea
Nifty Gap down opens then small rise again fall and then ???
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