first thank you udit for sharing your views,These questions need to be answered. hope u will continue asking more question...now question for naveen we say that Indian stock market has not done well in recent times...Reasons we all know, but if we compare the whole of Asian markets the bloomberg article which says Asian Stocks Gain Most Since April...How is the Indian story different?? Do you think that the perception of
First thanks for starting discussion to all my readers…
Anna, according to me (technical analysis) it all depends on when our markets are bottomed up comparatively other Asian Giants. See every country has got its own problems and those problems reflects in the prices of the shares (Basic assumption of technical analysis is price interprets everything). As we all know that
See anna, first 3 graphs are of other Asian countries like
Now analyzing the
It is same with the Hang Sang they have bottomed up in March end and they have major support at 2100.
STI also seems to be bottomed in March end 2800 level.
So I think you might have got answer……..
For more clarification, again write to me…..