NIFTY FUTURE Forecast from valuerupee…….Last close 10314.40 The stock markets are at their volatile best. Only this time the volatility has do with losses. There is pessimism everywhere. Selling in the stock markets is widespread and ruthless.
Is the worst over for the Indian stock market? That’s the question that is uppermost on most people’s mind, be it local investors or foreign funds, day traders or small investors. There are no clear signals emerging on the horizon on the direction the Indian stock market in the near or long term. If everyone has sold and got out of the market, there are no more selling to sustain the downward momentum.
Our clear cut message for bears now…….Dear Bears…..no more shorting please……If you short now…. you will have to pay a very heavy price, If you are confused then sit aside, you may become responsible for somebody’s suicide. Yes…..If you are short now…….then you are gone……
Not advisable to short at current levels…..!!! Now 10212 will act as strong support. On the upper side we see sharp rally upto 10424, Cross over will take this to 10490.