Analysts were expecting a technical correction but that was just not coming but finally it seems that political instability might enforce that awaited correction. Currently, at the time of this writing market is down to 11,814 from 12,022 closing on Friday, which counts to a correction of around 200 points. However, we might see some more correction in the coming days as uncertainty regarding politics might continue for few more days. Those who have booked their profits will now be in a position to buy back stocks. However, there should not be any “huge correction” because this is a pure “Cash Market”.
The articles written on this blog are based on my personal analysis. The securities target prices are for information only and is not an offer to buy or sell. The reliance on these recommendations are not guaranteed as they are based on my personal assessment as a Financial Analyst. My analysis is based on Business TV Channels, Business/ Financial websites, and from Finance books. All views that I presented are to the best of my knowledge and I invest in Stock Market with this analysis in mind. While the information contained herein is from sources believed reliable, I do not represent that it is accurate or complete and should not be relied upon as such. Opinions expressed may be revised at any time.