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Showing posts from March, 2020

🟠 Hope in a Drizzle out of the Dust...

Nifty has closed below the Friday, the 13th low. Today's closing value was 8468.80 which indicates no interest in buying or fresh investment in market, however we are seeing good inflow of DII investment everyday. FII selling is continuing and the figure has crossed fifty thousand mark for the current year, which is worrisome indeed! This writing is definitely targeted for fresh minds who haven't seen any bear market fall earlier. Last time we experienced such market fall in year 2008 when Nifty dropped around 60% from the last high in nine months price fall. Now, Nifty has dropped only 33% from January, 2020 high in just one month correction. No need to mention that is very fast and furious in nature due to pandemic fear of coronavirus.  Let us recap once, how Nifty behaved in earlier bear markets; 2nd July,1990 : Nifty was trading at 347.44 level (yes, it was our beloved nifty index) 2nd March, 1992 : Nifty touched the high and closed at 1261.65 (that is more th