It seems to me that all is not well with the Indian stock markets. I cannot help but be reminded of the set up in November 2010. Then as now, the Nifty had crossed 6000. Then as now, it was followed by across the board liquidation of midcap stocks. The liquidation was sudden and brutal! And it happened when the global markets showed no sign of a sell off. Then and now.
If the scenario were to play out like the last time, I am afraid it doesnot bode well for the Indian markets for 2013. The last time the Nifty crossed 6000, it was a precursor to the market declines of 2011. There appears to be a distinct possibility that what we have witnessed in the last 2 months is a precursor to a 2013 market decline.
If the scenario were to play out like the last time, I am afraid it doesnot bode well for the Indian markets for 2013. The last time the Nifty crossed 6000, it was a precursor to the market declines of 2011. There appears to be a distinct possibility that what we have witnessed in the last 2 months is a precursor to a 2013 market decline.
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