[sharetrading] World Markets

 

DJI has had the highest weekly close this Friday, since Mar 2009. As of now no indicators are threatened for further rise, an inkling is seen that a resistance has been hit / or a range bound zone. Anyway any rampage needs a cool down phase. GSPC/NYA which is more indicative of a broader market, seems to be hitting a resistance. And that looks to be a possibility in near days. I guess it would be worth taking chance at shorts on ID, from Monday. But CF of shorts is still dangerous........... But an EOD protected postion is satisfactory, till clearer signals emerge, for low brokerage. Else an exited situation.
In Indian markets, what needs to be seen is a emergence of buying. But with year end setlements for IT puposes, I guess there could be selling rather than buying. What ever, next week will show whether further upside is there.
Many Asian mkts have very badly underperformed this upmove. India has been more reasonable.
Abe

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