Markets have made a good bottom at 12340 which was 55th day from 12800 bottom...Fibo time analysis says this is a good reversal place and if followed by good consolidation then the bottom will stay for long......
I maintain that if we dont break 12300 for next 3-4 weeks all the big bears and big analysts will be peeing in their pants
....Bearish scenario in these markets will only creep if we give a weekly close below 11400 levels... If that happens it implies india is no more shining and i m off to any other place then india ,...If u believe india story then forget u can see sub 11k levels if u do then shut shop go off for better opportunities .......
( If u are interested in learning technical analysis