Joseph E. Rogers
Long live Beers, chants are on as procession of bad news causing the bourses' descent.Banking had been a stong sector since recession which led many short term rallies and a downward correction wasnt possible without a week banking. Thanks to housing scam, rather media which hyped the whole story. Panic is apparant and rampant selling is seen across all sectors.
Nify made intraday low of 5728 which is an important 61.8 fibo level. So will it take a halt or reversal.No, not yet. why? Hey, have a look at stoch and MACD, the difference between the two lines are still widening. So no respite for Nifty. Lets expect it to touch 76.4 level. Beears, its party time.
