What next in Indian Markets

Few things to consider before we come to a conclusion

1. Frontline index nifty made a doji with new low - possible change in trend
2. While going through scores of charts for midcaps - almost all of them have their uptrend halted on weekly. That does mean that the gains for the possible month or so will be muted
3. So anyone having long positions in midcaps can sell into rallies - more from trading perspective
4. Western markets are due to have technical bounce - we dont know when would they have it
5. But gradually they are entering bear market - but one thing to consider/ keep in mind is that its emerging markets that are leading the world stock markets rather than other way round