Since few months BRIC countries are driving the US market. if u look on DOWJONES Transporation Avg. with these countries then u will be get divergence . so that means BRIC countries are the major driver for world market. So at this time , i think Nifty-- has been entered in mid term correction, Shanghai--- is not giving the conformation yet for bearish as well as bullish, Brazil--- still it is in bullish mode so we have to wait for converting in bearish mode to all of these 4 countries index . then we can see double dip recession in US market rather than Emerging countries like India. so yes i am in very bearish mode in Nifty ,if other 3 countries will take to lead in bullish then it will be help for India as well as US market also.
i hope from here,we could see some kind of pull back rally for 15 days to 1 months in US market. Dow vs Dow transport is good indicator for US market if one index shows buy and other index shows sell then we have to wait for converting in one side ( whether buy or sell ) . here Dow shows --sell and Dow Transport shows--- still in bullish mode thatswhy i am in neutral and wait for the conformation.
i hope from here,we could see some kind of pull back rally for 15 days to 1 months in US market. Dow vs Dow transport is good indicator for US market if one index shows buy and other index shows sell then we have to wait for converting in one side ( whether buy or sell ) . here Dow shows --sell and Dow Transport shows--- still in bullish mode thatswhy i am in neutral and wait for the conformation.
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