The Market @ 15,300 we predicted it !

Weak global cues are adding pressure and our market is looking terrible, continuing to slide lower. The market is at the day's low. Sensex is trading at 15402, down 508 points and Nifty is at 4564, down 146 points from the previous close. CNX Midcap index is down 2.74% and BSE Smallcap index is down 4.15%. The market breadth is negative with advances at 180 against declines of 1103 on the NSE.

There is no idea where the market could find a bottom, says Dipan Mehta, market expert, on NDTV Profit. There has been a flurry of FII selling and the global correction has made it worse for our market, he feels. For investors, this is the time to start nibbling into good stocks.

House View:It feels good to have got it 'Right' and "Absolutely Right!" On 23rd October when the market was around 17,000 levels we predicted 15,300. Today the market is there.We saw the writing on the wall which most analyists did not. We give ourselves a pat on the back by predicting the same.
Market-set-to-fall-from-17000-to-15-300
Disclosures: No personal holdings
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