Every day, the mainstream financial experts attempt to explain away fluctuations in stock market trends with some “fundamental factor” du jour, all of which boil down to this: good news causes a market to rise and bad news — to fall.
Sensex in February month had lost almost 6.9% and this is the 6th consecutive month sensex is making lower lows and lower highs. And the current down slide from OCT 2015 had left 4 gaps left unfilled in Sensex around 27318, 25357, 24196, 23361. So are we testing the first gap zone 23361 this Budget 2016?
Global concerns of Greek crisis, falling crude prices & weak global cues were the main drivers that drove Indian Indices into huge selling spree in yesterday’s session. The loss of 850 points from Sensex and 250 points from Nifty is one of the steepest one day fall in stock market history!
This week would like to cover the interesting infographic around various topics which gives me a ‘Whoah’ moment. Hope it makes your eye to blink your eye for a while!