Rising Window Calling....

Hi all,

Please find below a write up on what to talk to customers if they ask for the market crash.

Reasons for market crash

·         Markets crashed more on Global worries, ·         China PMI data comes lowest than 2009, Fed Rate hike looms ·         Around 4-5 Asian markets hitting 52 week lows ·         Greek PM resigns, Korea making war noises ·         Rupee hitting lower lows  

Markets going forward....What to do?

Traders – As stated earlier, markets trading below 8300 is not a good sign, however Nifty may find a support near 8180-8200-8220 range as lot of Technical Indicators like Retracements, Support & Resistances, Chart Patterns, etc are suggesting the same. However, it’s not a good time to take long positions for short term as there are no other confirmation n charts.

8185-8195 is a gap on daily charts so, If 8180 is broken on closing basis them it is almost certain that we are heading towards 8000-7900 again as that will be the target for the Triangle breakdown on Daily charts....

Investors - Best time for Long term investors in stocks and MF

Cheers

Hrishi