what will markets do now?

What will Market do Now?Jan 14 2013

Deepak Singhwww.stateofthemarket.net

http://www.stateofthemarket.net/

I don’t know

• Market is on a Bullish Journey and nobody knows what to do when market corrects

www.stateofthemarket.net


The Big Joke on Friday

Nifty was down just 17 points

Nifty intra-day action does not reflect the true damage market got on Friday. Thanks to Infosys


The Action Spot

Bank Nifty


Bank Nifty: More correction??

Can it drive more correction in Nifty? The 50 dma support is 5% down from current levels…..

Chart Source: Chartalert.com

Liquidity continues to be favorable


FII buying aggressively

MF selling continues….

Summary

• Market is in Uptrend……It means traders will look to Buy on declines

• Bank Nifty has major influence on Nifty and it can drive correction in Nifty some more.

• Expect unwinding of enthusiasm in momentum and speculative names…minor panic probable...if correction persists


BULLISH STRUCTURE OF THE MARKET IS INTACT

The job of market is to make majority of traders nervous most of the time

Have a Good Trading day


Thank You

• Disclaimer - The state of the market presentation is Deepak's perspective on the market. The presentation is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this presentation you agree to make no trade relying in whole or in part on the comments of the writers

what will markets do now?

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