Thought for the day
"Much unhappiness has come into the world because of
bewilderment and things left unsaid."
-
Feodor Dostoevsky(Russian, 1821-1881 )
Word for the day
Inviolable (adj)
incapable of being violated; incorruptible; unassailable
(Source: Dictionary.com)
Malice towards none
Why Lalu
and Nitish are taking LKA side, who they believe to be the original villain of
Secularism?
Greed still outweighs fear: Market crash not imminent
Since the all time high level recorded by Nifty on 4 March 2015,
small cap and midcap stocks have mostly outperformed the benchmark. Despite
rising threat perception, persistent selling by FPIs and worsening technical
parameters, broader markets have continued to outperform last week. Though the
small cap did worse than midcap last week, the scale is still tilted towards
"greed" in the battle of bulls (greed) and bears (fear).
It is therefore not appropriate to expect a market crash anytime
soon.
The market is more likely to
move in a sideways trading range with a distinct downward bias.
For the week, NIFTY faces strong resistance in 8350-8386 range. A minor
support zone exists in 7980-8015 range. A strong short term support exists at
7860 level
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