Isn't that graph self explanatory.
Investors, we are gullible most of the time.
Have patiance. We would definately get better time to invest than what prevails.
The graph itself potrays that valuations are stretched drastically, and we have seen the effect of interest rate hike in US on our markets today.The short covering happened today was itself a confirmation that we would better time for medium to long term investments.
Technically above 2585 there are chances of upward movement , below that there is huge free fall can be expected.
Take care.
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