"WHY WE ARE DIFFERENT FROM OTHERS"
Rightly,We differ with old concepts of stock market.
I am Not Driving this Market
But I am a Good Driver of this Market
Looking at the Global markets I tried to study Shanghai Composite and DowJones. Shanghai Composite has completed 76.4% retracement of the whole move started from the level of 1850 to 5178 and nearing its strong support level as shown in the picture.
Similarly DowJones has found strong support near 15300 level and has made triple bottom for very short term, as shown in the picture
Volatile movement in the Crude oil at lower levels indicates that bearish trend nearing an end and after consolidation it may move higher
Rupee is near its all time low price but negative diversion in RSI chart suggest that smart recovery cannot be ruled out from lower levels.
All Eyes On Budget 2016 - 17
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