further it needs to shake off the weaker longs before the next ascent.a base is there between 5900-5950 which is unlikely to be broekn and a dip below 6000 and 20000 sensex will provide the necessary panic.
coal india, the biggest indian ipo opens from monday and hence liquidity pressure can cause the current market fall.
coal india will be a runaway success ( i know nothing of and about the company except basics).it will be so because any fund worth some money will buy into it.HNI and QIB segment should see massive oversubscription maybe 20-25 times and retail about 2 times.with a price of 245 it should open and touch 300-325 on the opening day.
markets will make another attempt soon at highs and by listing of coal india, i believe it will.
markets dont repeat themselves.
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