Market is in total panic because of current scam. The implications of this cannot be easily gauged as still news flow is on. It will take some more time to make fair assessment. Till then probably market will be on a roller coaster ride.. Whatever it be, it is time to pick good companies based on fundamentals with good growth prospects. Will try later for posting of some fundamental picks for long term.
Technically, Ichimoku charts daily (24.11.2010) has given long term bearish outlook with bearish crossover and today action seems to be confirming it more. Let us see 26.11.2010 eod chart later to assess where do nifty stand.
For those interested in astrology, click here Astro View of Nifty
1 comment:
Sri, hi,
Those quotetracker charts are an eyecandy cum info servers,
They have captured the scenerio in elegant style.
Guess the overheating gets down to size now.
As you say, good picks are on the shelves now.
WIll wait for your scrip posts.
regds
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