Looking at current scenario the above question coming to our mind again and again may look like fool. Even now a days we are getting lot of mails predicting high chances of global recession and we r thinking of beginning of new bull market.
Right now Indian stock market is at very critical level so we are constantly looking for both possibilities down as well as up. Even though long term trend is still down, there are some indications that are suggesting possibilities of new bull market. We will post in detail if there is confirmation technically. But just posting one chart why we are so optimistic ?
The above chart is of INDIA VIX which indicates volatility of indian market, in downtrend volatility increases and vice versa. In the above chart u can see that yesterday it closed below the support line shown in blue colour. Now if it gives weekly close below support line, then there are high chances that Indian market will enter new bull market.
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