US mkts have put paid to all hopes of revival and is headed down under.
If DJI 9756 is broken, who knows where we are headed. But till then cues are sideways/range bound….
Unless some good news flow comes, one can expect a very big gap down…
On chart basis, NSEI was one of the better performing indices. Hence there is more for it to loose/ or is it sign of strength? With 25% equity dilution in major scrip’s, I feel markets are not headed anywhere in near days. For Monday, take a risk with sell at highest available in ID signal w/hold below 5085 as SL… Our charts indicate further rise. The call is for RT only….
Happy Trading,
United we grow!!!
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