Prediction by Technical Analyst: The market might have a small correction
Sun, Jun 5, 2016 12:33 PM on Latest, Experts Speak, Featured, Stock Market,
How will the market perform in days to come?
Sagun Shakya
Technical Analyst
The market has been successful in reaching 1542 points which show the market has a bullish sentiment.
For past one week, the market had an average turnover of Rs 1 arba, which confirms there won’t be a big correction but a small correction might take place in near future.
In-coming days, a small correction might be visible in market and the Index can drop to 1450 points. If the Index stays below 1500 points for a longer time than the market can dive to 1350 points.
After the correction the market will continue its bullish trend and will move upward.
Sagun Shakya
Technical Analyst
The market has been successful in reaching 1542 points which show the market has a bullish sentiment.
For past one week, the market had an average turnover of Rs 1 arba, which confirms there won’t be a big correction but a small correction might take place in near future.
In-coming days, a small correction might be visible in market and the Index can drop to 1450 points. If the Index stays below 1500 points for a longer time than the market can dive to 1350 points.
After the correction the market will continue its bullish trend and will move upward.
