Indians like to follow the western countries and that is what our stock market is also doing, When DOW is down, Nifty is down as well, when Dow is up, Nifty is Up too, what a nice gesture!
One cannot do anything in this case, as the number of FII's have increased their exposure to our markets and when they exit from foreign markets they exit from our market as well, and vice versa.
As I posted last time that Dow closing will give the guidance not the budget, the same thing happened very much on monday, market crashed! This is the impact of Dow, our market fell like a rock from the cliff.
4740 is the last support which if broken then 4400, and below 4400 we will see 4000, which is right now looking quote far away, but could be tested if DOW jones does the Bunjee Jumping!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment