Nifty has been falling relentlesly for last two weeks and during the same period it has broken below so many curcial support levels, which is pointing that the market might have topped out at around 6335 levels. if its so, them the market might have formed a double top which would thus indicate a healthy correction which migh be more severe than what has been seen in last two years. We have been seeing scams one after another and now a new one in banking sector. it appers that all these might take the market to a different trejectory on the down side. if the anticipated correction has set in we might see severe erosion in the stock prices in the months to come. so it appears that it is better for the bulls to tighten their belts i.e stop losses should be now verified and strightly adhered to.
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