{"id":619,"date":"2011-02-18T14:38:38","date_gmt":"2011-02-18T14:38:38","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=619"},"modified":"2011-02-22T08:36:37","modified_gmt":"2011-02-22T08:36:37","slug":"indian-stocks-begin-their-next-leg-of-decline","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2011\/02\/18\/indian-stocks-begin-their-next-leg-of-decline\/","title":{"rendered":"Indian stocks begin their next leg of decline"},"content":{"rendered":"<p>The relief rally for the Nifty\u00a0that began from the lows of February 11th, ended today with a strong reversal bar. As can be seen from the chart below, today's price action shows a rejection of the early highs and sellers have overpowered the buying pressure of the previous day too. This bearish outside day is marked on the chart.<\/p>\n<div id=\"attachment_621\" style=\"width: 410px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty18Feb2011.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-621\" class=\"size-medium wp-image-621 \" title=\"Nifty\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Nifty18Feb2011-300x152.jpg\" alt=\"\" width=\"400\" height=\"225\" \/><\/a><p id=\"caption-attachment-621\" class=\"wp-caption-text\">Nifty - Daily charts<\/p><\/div>\n<p>If my Elliott wave labelling is correct, Nifty should decline to a minimum of 5115 in the near term - could be even as quick as 2 weeks or less.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The relief rally for the Nifty\u00a0that began from the lows of February 11th, ended today with a strong reversal bar. As can be seen from the chart below, today&#8217;s price action shows a rejection of the early highs and sellers have overpowered the buying pressure of the previous day too. This bearish outside day is <a href='https:\/\/www.cashthechaos.com\/blog\/2011\/02\/18\/indian-stocks-begin-their-next-leg-of-decline\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[11,10],"class_list":["post-619","post","type-post","status-publish","format-standard","hentry","category-indian-stocks","tag-linkedin","tag-nifty-view","category-42-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=619"}],"version-history":[{"count":5,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/619\/revisions"}],"predecessor-version":[{"id":623,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/619\/revisions\/623"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}