Good Support at Sensex 13,400-500 - Kailash Pareek

The market fall may have surprised many, but 13400-500 seems to be a good support right now. The market is discounting everything slowly, and there is a strong feeling to just sell everything, isn't it? Well, this is the sign that we may see a pullback of the fall. But, let the market do what it wants.

I see here that many use indicators that shows overbought and oversold conditions. Please note that indicators may stay in oversold zone for several weeks in a bear market and in overbought zone in a bull market.

I will continue to watch the market, and if you have not noticed, this state of the market is exactly the reason why I have not been giving calls.