WELCOME AUGUST

Yes the month of August started with a NEW TREND? DOWNWARDS.

The Bears seems to be recovering  lost ground fast after a 9 Day Bullish rally, as the NSE ASI lost a total of 209.79 points today closing at 25,634.39.

Market scenario was dull today as most traders stayed on the fence waiting for the Next market rally.

Technically, The Index is approaching its 15 EMA of 25,428 level and we expect it finds a support level which could help battle against the falling Bulls.

 


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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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