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CholaDBS does not see any selling pressure yet
The market is likely to bounce soon because of deep sell off. It always does, it need not form a new trend though. It will bounce for sometime and then we have to see if it holds the bounce.
This week will be crucial in defining next trend.
Dear Investor,
According to me its too early to make long call. We need to scan for stocks holding well in this situation. Attached are charts which appear to be most healthy.
Network18 is holding well in this correction
GSFC has no momentum but holding very well
FDC standing strong
CholaDBS does not see any selling pressure yet
The market is likely to bounce soon because of deep sell off. It always does, it need not form a new trend though. It will bounce for sometime and then we have to see if it holds the bounce.
This week will be crucial in defining next trend.
Thanks
Anil
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