Saturday, December 4, 2010

MARKET AS ON 3.12.10

after testing 18955 market has moved up in last week and corrected 50% of fall from 21109 to 18955.

2 charts are attached herewith , one is monthly chart which i s indicative of broader picture.

second one is 60 minute chart showing short term movements and expected support and resistance areas.

comments are in charts.looking at sentiment by actions from regulatory body be selective 

in stocks preferably in large caps only and with strict stop losses .

1 comment:

  1. Dear Pankajbhai, Interesting charts for sure.
    Also that co-incides well with Dollar index as well as Rs/Dollar relationship charts, where one may see same sort of picture. We are truely on cross roads and next week may give us some vital clues for a clearer trend that may emerge in next few months.
    Thanks
    LovelyGuy

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