As Indian share market is hovering around it’s all time high many people are expecting a correction in market. The people who were expecting a correction at a level around 9000-9100 were deceived by market and with domestic stability on political front market danced, which was further tuned by corporate earning which is continued at present also. Again many of investors are expecting a correction which is well supported by geo-political situation between North Korea and US. As today’s event also suggested a tensed situation between India and Pakistan which fueled bearish sentiments.
If we will compare current scenario with 2008 crisis taking parameter of P/E one can say that there is a clear correction which is due to happen because of any reason.
Take a look at these two images:
In JAN 2008
In April 2017
After seeing these two images one can say that correction will definitely come but do remember nothing is certain in this market.
Market punters are expecting the bull run to continue because on every dip of market a buying sentiments is emerging. Rather world market goes down or go up Indian market are least reactive and clearly it is visible that if Nifty sustains above the current level then 9600-10000 can be the ultimate target.
So, after seeing technical parameters and also from the fundamental perspective either a correction is due or market will continue it’s bull run is hidden in core of future.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
Our Some Best Services Read it Here…
www.capitalstars.com | T:+91-731-6790000,6669900