A speculator is a man who observes the future, and acts before it occurs.
From 1:1 Ratio ,We see Sensex slide will continue upto 15997 level.
From 1.618 it looks that Panic may continue upto 13640 level.
Our Box Chart indicates ,Three CONSECUTIVE close below 16918+Weekly close below this level will take Sensex to
14403-13565 level in coming Weeks.
1)Bear Phase still not started in Sensex or Nifty
2)This fall is just trailor.
2)Indian Market not moves on Fundamentals or Economy factors (Bitter Truth )They only move on Fii’s money and Black Money re-routed !
3)Only 1.5 crore Demat accounts in India.Population of country 120 crore +.(Think ratio and percentage )
4)Daily Volume of BSE ,just 1500-2000 crore.Daily Volume of NSE Cash just 5000-6000 crore.Daily volume in Future & Options around 1 lac to 1.5 Lac crore (85% volume in Options only )
5)Indian Promotors Trades and Manipulate stocks (Which is not allowed in USA or any other country).Media +Insiders knows Company developments ,Results ,Good NEWS ,Bad NEWS …everything.
6) One or Two Leading Mutual Funds outperforming markets ….Why ?(Handshaking with Promotors)
7)Everything is Manipulative ,Either its Real Estate stocks or any Big Industrial House stocks.
8)Just check Balance Sheets ,ACCOUNTS of all Companies traded at Exchanges through Foreign Auditors and see ….What happens !
9)In India u can’t count number of people below poverty lines ,How many people having ROTI-KAPDA-MAKAN after 64 years of Independence.So how can say Economic data (IIP ,Inflation and others are reliable ? )
Anything else ,Anyother points…if u have….comment !
