Indian stock markets on monday and a brief commentary for present stock market situation

A Sell off expected in Indian markets. PSU banks to fall the most followed by some financial stocks, real estate stocks, capital goods and engineering stocks. However buying will also be seen in many sector and stocks. Many sectors and stocks will witness bottom fishing and buy on dips will prevail. Nifty will target 7770 first. As we said the fear of big correction in USA Dow index is giving panics to markets and bears are using the resistance of 8000 to do sell off despite good economic numbers and other indicators from across...

Indian stock markets on monday and a brief commentary for present stock market situation

A Sell off expected in Indian markets. PSU banks to fall the most followed by some financial stocks, real estate stocks, capital goods and engineering stocks. However buying will also be seen in many sector and stocks. Many sectors and stocks will witness bottom fishing and buy on dips will prevail. Nifty will target 7770 first. As we said the fear of big correction in USA Dow index is giving panics to markets and bears are using the resistance of 8000 to do sell off despite good economic numbers and other indicators from across...