Is the WORLD changing trend ?

The Nifty, as expected, opened in down gap by more than 100 points and closed weak. Intraday traders got some scrip-specific moves (R Cap etc) but more or less other stocks remained dull.... Watch the Nifty 5000 level in Spot....

The recent turmoil in the word financial markets led me to check the MSCI World Index (which includes EM too)...

What we see is technically not encouraging . . The medium term trendline has been broken and the MSCI World Index seems to have the potential for another 7-8 % fall, before it gets some temporary support. . .



Upmoves in World markets in coming days should be treated corrective and I shall be keenly watching the Dow 9830 level which if breaks can mean further weakness ...

Like in case of the previous blogpost, I urge readers to start commenting so that this blog becomes more 'interactive'

Happy Trading !

CA Rajiv D Khatlawala
www.investogyan.com