Monday, June 15, 2009

sensex as on 15.06.09

as per our anticipation we have corrected today. we have broken support line in a rising wedge, which is a bearish signal. we have broken rsi support line shown in chart.i have given retracement lvls on chart where we can get support and bounce.
our strategy shd be to sell on rise.we have already lost 800 points apprx from top so we may get bounces in betn from support lvls.

RIL BREAKS UPMOVING TREND LINE

today reliance ind has broken upmoving trend line decisively which was intact since first week of march.being a heavy weight on indices weakness is being reflected in market.