wukan wrote:mnandii wrote:
NSE 20 Share Index. The move to levels below 3540s still in cards. A move below 3670s will be good indication that the scenario is playing out as forecasted.
NSE 20 share at 3703. If coming weeks deliver more soft company earnings like BAT then that's a good indication of the move downwards.
Aren't "poor" results baked in?
Most banks are expected to release lower FY17 vs FY16 results.
Many industrial and manufacturing firms will do the same. BAT has. FTGH will per the profit warning.
Drought affected the plantations.
And so on.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett