China had a high of 6144 in October 2007 and had crashed to 5100 before India crashed on 21 Jan. Levels reached in Oct 2009 were 1650
Currently at 2350 levels.
India crashed from 6300 to 2250 and is currently at 5250.
S&P has broken a crucial level of 1040. 1040 has served as support 4 times in the past. Broken low of 2 February so started pattern of lower tops and lower bottoms.
It is quite possible China is again a leader for a global selloff. Because if there is a global selloff India will not be decoupled as there will be a flight to safety from all asset classes.
So if there is a crash in India it is possible it will be a steep one like Jan 2008.
4875 is a number that needs to be maintained for the bull move to be intact.
skip to main |
skip to sidebar
Quantitative Trading - Equity, Global Indices, Commodities & Currencies
No comments:
Post a Comment