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SIGNS OF PROFIT TAKINGMarket opened strongly today for the 5th day running up by 515.20 points but was soon overwhelmed by profit taking towards end of trading. There was no news to trigger the sell off we saw at the end of the day and it can only boil down to profit taking. Looking at the recent trend, we seem to be in a renewed cycle of better than expected numbers and this is certainly what the market needs to make new highs in the long run. Today's close saw increase in value traded, but decrease in % change from 3.02 to 2.17 signalling the NSE ASI trend is likely going to change direction. PLEASE CLICK TO DOWNLOAD
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This commentary is not
a recommendation to buy or sell, but rather a guideline to
interpreting the specified indicators. This information should only
be used by investors who are aware of the risk inherent in
securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents. |
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