Nifty target is 7000 which given at 11500 🙂 now having pull back towards 10200, World in recession,India falling into the hands of super recession India (Irinjalakuda, Kerala)Joined August 2009
Covid 19 updation:- If cure for covid not found, in next step starvation will increase and will see more death than covid,people may start strike against lock down. The big risk is Covid problem will continue 1-2 years minimum
Nifty pullback recommended at 7500 now above 9000,the fact is pull back ends somewhere below 10200 levels,but market is not able to move 9200 levels and it has support at 8800 levels.So now market is looking a break out,so its in decision pending.
Market Rally due to pull back and the stimulus boost,the fact everyone forgetting is few months before Government asked RBI to give money because they don't have money. If RBI starts helping we may run out of money which will lead selling Gold.....
#SuperRecessionIndia India falling into the hands of Super recession due to COVID -19 and slow down which already happening since 2-3 years, if covid 19 comes in control then there is hope
#21daysLockdown Hope covid comes in control but the super recession can be controlled ,Nifty will move towards 7000 which given at 11500,Worried of Global melt down if Covid not comes in control
BEWARE OF GOLD....Most likely if COVID 19 not able to control in coming months, then Gold will fall and we can expect 50% correction from all time high. So don't think Gold is safe all times. The situation is not like past.
Nifty has support at 7000 levels if selling higher may touch 6000 levels. We may see some selling stopping somewhere near to this levels and a pull back will see. Am not predicting it touching immediately but slowly it will happen and it can happen if supports not held
Yes Bank is sinking,covid 19 ruling which triggering recession around world, Indian market running like a bubble . Current selling signals the long recession is slowly starting
What a situation in one hand we are selling nav ratnas and collecting 2 lakh crore thats why market in up trend (this means SUPER RECESSION ON WAY once the its over),in other side gulf war fear roaming around us, lets wait for better signals
As expected reversal came, gain of 400 points in couple of days, not over yet...a consolidation and may touch 12000 again or near to it and will fall again in bear hand.
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