IS THE BULL RUN OVER? : – The answer is both Yes and No. The
of six months to a year. However, if we are looking at the super long term i.e. a period of three years and above, then the structural Bull market is still intact and we are just undergoing a prolonged
Bear phase in a long-term Bull market. Just as after every day, there is night; in the same way after every Bull market there is a Bear market. Moreover, after the Bear market is over, the Bull market will resume. It is like a cycle, which keeps on repeating.
If we take the entire rise from 2003 to date for the Sensex & Nifty, then we are undergoing a correction of this entire rise. The Sensex had gone up right from 2904 to 21206 and now it is retracing this move and the corrective levels are placed at 14215-12055-9896. The Nifty had seen its rise from 920 to 6357, and the corrective levels are placed at 4280-3630-2997. This is the correction in the multi year structural Bull market.
For the week ahead Resistance will be at 4369-4468-4574.Support will be at 4280-4200-4004
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