Correction required

indi009 · 1 Correction required Tue Aug 12, 2014 9:32 pm

indi009

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As far as I think the market is over bought, correction required in order to sustain a healthy run......

Experts share your views.............

Dr Stock · 2 Re: Correction required Tue Aug 12, 2014 9:47 pm

Dr Stock

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first of all im not an expert.
Its a hard question to answer by yes or no.
Some stocks are over brought need a correction while there are stocks which has potential not moved much.
All depend on the psychology.
Most of us compare ASI of today market with 2011 market.
I feel its wrong comparison.
Factors were different that time.
With the credit facility , people went crazy and buy and sell stocks without a penny in hand. prices went up crazy over days and price bands were brought. it was a total chaos.

But this time it is much more smoother. People buy stocks with money in hand and they think twice before making a move.
No market will go straight up it needs correction.
but it will not be a dooms day like last time.

Be with the market you will feel when to exit.
Dont be too greedy to get even the last penny.
Keep a good profit margin and exit.
If you extra money left there will be a play time too at the end... !

celtic tiger · 3 Re: Correction required Wed Aug 13, 2014 12:21 am

celtic tiger

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expected rate cut, quarterly reports and finance sector mergers keep market away from a possible correction.
I expect a correction after 15 of August.

indi009 · 4 Re: Correction required Wed Aug 13, 2014 4:17 am

indi009

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celtic tiger wrote:expected rate cut, quarterly reports and finance sector mergers keep market away from a possible correction.
I expect a correction after 15 of August.

why after 15 August?? is there any specific reason???

dhanurrox · 5 Re: Correction required Wed Aug 13, 2014 5:55 am

dhanurrox

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celtic tiger wrote:expected rate cut, quarterly reports and finance sector mergers keep market away from a possible correction.
I expect a correction after 15 of August.

This Friday I'm expecting to sell few.(Depends on index value).Hoping it will be 7000-7100.