There’s
a famous quote known as Merkin’s Maxim which states “When In Doubt, Predict That The
Trend Will Continue”. India’s Market Indices definitely seem to be
following this Maxim. During the past few trading sessions the Sensex has
breached the 17,000 level and the Nifty has also broken Five Thousand. While
they have fallen back into the sub 17k level and sub 5k level respectively. The
two psychological levels have become real factors. There is however a lot of
doubt floating around in the market, it seems to have become the most important
psychological determinant of trade in this particular range and period.Movement in the present range has become a two way street.
There’s
a famous quote known as Merkin’s Maxim which states “When In Doubt, Predict That The
Trend Will Continue”. India’s Market Indices definitely seem to be
following this Maxim. During the past few trading sessions the Sensex has
breached the 17,000 level and the Nifty has also broken Five Thousand. While
they have fallen back into the sub 17k level and sub 5k level respectively. The
two psychological levels have become real factors. There is however a lot of
doubt floating around in the market, it seems to have become the most important
psychological determinant of trade in this particular range and period.Movement in the present range has become a two way street. 