I am very sure that we will see a major sell off in the near term...Fundamental factors also point to the same...The Dollar Index has gone up significantly and Dollar strenghtening means some correction for markets and commodities...At the same time, the budget is round the corner and going by historical evidence one can expect a post budget sell off in the markets...
So lets c where we head...Would not be surprised if we do reach around 4200 kind of levels in the next 1-2 months...
Good that Mr. Fundamental also is in the same mode! Dollar definitely shows signs of more than a bear market rally, and concern over defaults will spike it even more. FIIs have to deal with this extra headache. As expected by me budget has hardly done anything for the market till now. Chances are it will be a non event, except for the day. Budget cannot trigger any major fall, but it will come from different worries. If 4300 is breached we can fall back to even 4000.
2 comments:
I am very sure that we will see a major sell off in the near term...Fundamental factors also point to the same...The Dollar Index has gone up significantly and Dollar strenghtening means some correction for markets and commodities...At the same time, the budget is round the corner and going by historical evidence one can expect a post budget sell off in the markets...
So lets c where we head...Would not be surprised if we do reach around 4200 kind of levels in the next 1-2 months...
Good that Mr. Fundamental also is in the same mode! Dollar definitely shows signs of more than a bear market rally, and concern over defaults will spike it even more. FIIs have to deal with this extra headache. As expected by me budget has hardly done anything for the market till now. Chances are it will be a non event, except for the day. Budget cannot trigger any major fall, but it will come from different worries. If 4300 is breached we can fall back to even 4000.
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