For educational purpose
The whole stock market is in a strong BULL Trend but for that after a uptrend a consolidation of minor correction is needed to maintain the mother trend. Below 8792 a swift correction to 8660-50 may happen or above 8860 a small uptrend upto 8925 may be seen. but after 1000 points relly evryone whose is holding profitable positions wants to book profit and for short sellers there is less risk with good reward.
The whole stock market is in a strong BULL Trend but for that after a uptrend a consolidation of minor correction is needed to maintain the mother trend. Below 8792 a swift correction to 8660-50 may happen or above 8860 a small uptrend upto 8925 may be seen. but after 1000 points relly evryone whose is holding profitable positions wants to book profit and for short sellers there is less risk with good reward.
