Correction and Recovery
As anticipated the weekly supports of 4000 have held on. Stocks corrected significantly and bounced off from their respective support prices. Those have been good investment opportunities.
Monsoon has improved its coverage, Indo-Pak relations are thawing and government is unfolding disinvestment map slowly. Perhaps this is a time for consolidation of prices. Now quarterly results will be analysed.
I like a market which moves up gradually. Each one gets a chance to get in or get out. It is better to ride a slow train than a super fast express. One can appreciate the beauty of nature with awe rather than the terrain whizzing past us in a blur. Also helps in maintaining rationality of human mind.
Just watching the markets. Nothing much of note to add here presently.
rgds
Vibhas
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2 comments:
vibhas, good analysis. I tend to disagree with you. We would have a breakdown below 4000 and then bull run would continue. As per weekly chart market is over bought for sometime, it will get adjusted before fresh up move above 4700.
regards
Yes. That is always a probability. But subsequently the assets would certainly appreciate in value. So buying at lower prices over a period of time would give us good returns.
May I know your name please?
rgds
Vibhas
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