The document discusses the state of the Indian stock market. It notes that while the market remains in an overall uptrend, the Bank Nifty index in particular could drive further short-term corrections in the overall market. It also mentions that liquidity remains favorable from foreign institutional investors buying stocks aggressively. The summary concludes that the bullish structure of the market is intact, despite expectations of some unwinding of momentum in speculative stocks and possible minor panic if corrections persist in the short run.

1. What will
Market do
Now?
Jan 14 2013
Deepak Singh
www.stateofthemarket.net

2. I don’t know
• Market is on a Bullish Journey and nobody knows what to
do when market corrects
www.stateofthemarket.net

3. The Big Joke on Friday
Nifty was down just 17 points
Nifty intra-day action does not reflect the true damage market
got on Friday. Thanks to Infosys
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4. The Action Spot
Bank Nifty
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5. Bank Nifty: More correction??
Can it drive more correction in Nifty? The 50 dma support is 5% down
from current levels…..
Chart Source: Chartalert.com
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6. Liquidity continues to be favorable
MF selling continues….
FII buying aggressively
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7. Summary
• Market is in Uptrend……It means
traders will look to Buy on
declines
• Bank Nifty has major influence on
Nifty and it can drive correction in
Nifty some more.
• Expect unwinding of enthusiasm
in momentum and speculative
names…minor panic probable...if
correction persists
BULLISH STRUCTURE OF THE MARKET IS INTACT
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8. The job of market is
to make majority of
traders nervous
most of the time
Have a Good
Trading day

9. Thank You
• Disclaimer - The state of the market presentation is Deepak's
perspective on the market. The presentation is purely for educational
purpose. Nothing contained herein is a solicitation to trade or a
recommendation of a specific trade. By reading this presentation you
agree to make no trade relying in whole or in part on the comments
of the writers
www.stateofthemarket.net