BREAKOUT?

The NSE ASI made a New breakout today by a huge 649.62 points closing at 27,988.71.

Yes this Breakout is 58.31 points above Monday's close of 27,929.86.

Watching the NSE Index for 7 weeks has shown Friday's trading have been significantly BULLISH for the market with a Current ratio of 6:1.

The rally gives us a forecast that market will likely continue its upward trend between 2-4 days before finding a resting position.

Even though today's market action is to be celebrated, Technically 90% of NSE shares have not broken its NEW HIGHS.

So Is this the beginning of a NEW Rally?

Click our Chart commentary Column for Stocks that have made NEW HIGHS.

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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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