Nifty in the past has corrected in weekly chart whenever 20 weekly moving avg crosses below 50 weekly moving avg. will it repeat?? Looks like it Shorters get ready..
@mklives, One day I will grant you this wish but then sebi will be looking for me. LMAO. I mean seriously this index is basically scam, look now they are adding brittania replacing hind Petro, so that it continues to look good.
mklives
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@French_Fries, britannia has run enough..was my first multi bagger.. wonder y they add when they have crazy already
French_Fries
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@mklives, my 2 cents for this move:
1. PSUs are dog shit wrapped in cat shit.
2. Consumer stocks are generally stable & comparitively more insulated to geo political risks and currency fluctuations.
mklives
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@French_Fries, 2. consumer stocks wil correct lesser compared to others,,but with a big event like an elction coming..nervousness will creep in and somewhere as a whole including banks will start correcting..
yogi_sharma_elliottician
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@mklives, what are you guys even talking about? Just went above my head. @French_Fries
mklives
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@Yogi_sharma, French fries talks like he can start a broking house already.. his precise english and grammar is way oer my head too