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NSE TAKES A BREATHERTrading scenario shows Markets are becoming tired after a 5 day bullish run and closed mixed marginally by 9.70 points. Caution was the term of the day as market was up by 0.34%, down by 0.10%, up by o.26% and finally closed at 0.04%. Signs of traders taking profit from their Long positions, while Smart money continue to buy into the Dips. Technically, the 200 Day Moving Average of 25,571 points is a level to beat, a break above this level could mean a second bull run and a break below could mean a short term correction. Let's continue to watch and see.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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