Nifty had a deep cut in today's session and a relentless selling in the bourses across the indices in all corners of the world drifted nifty to its Feb 2010 's low and nifty witnessed 4790 levels which are suggesting a difficult times ahead.
Metals,banks,Realty all were hit today though metal was the worst.The downfall had been witnessed with a major volume which has crossed 1.5 lac crore-assumed 2 nd highest turnover so far which further suggests pain.
Buying at these levels could be an uphill task as nifty has shown no sign of strengths.
A gap down opening could be expected tomorrow which could be a crucial test of nifty as bears may take it on the way down to 4650
Market is never wrong-Opinions are often.Time in the market is more important than timing the market.Simplest rule for wealth creation-Buy at low , Sell at high. Knowing a fact is a pure fiction only application is real.A knowledge which can't create a wealth is not worth having. There is no other magic in the real world as prediction.
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