THANK GOD THAT CORRECTION IS SHARP

Its really good that market has corrected sharply,it clearly indicated that there is no distribution so far... sharp fall is due to excess speculation on index and few index stocks....this time one more diff we see in market is ppl are not unloading their holding and thats why advance decline ratio is looking better then past record of such fall....we hope to get major support at 13950 and if break that level then only major panic else up trend is intact for the long term target of 20k...its very common that "AAM JANTA" will be bulish at 15500 and cant see 14000 and very bearish at this level and cant predict 20000...if $ falls from 45 to 40 is good sign and what if it fall further to 35???? rupee getting more stronger there is nothing wrong with indian economy we are doing fine....bulls can start shopping near 14000 as it is support area...so far we have seen rising wedge patern on daily chart then on weekly chart and now its making same chart patern on monthly chart



Thanks to Mr.Paresh C.Patel USA for sharing his view on $ and giving overall view on indian as well as US economy