Sensex forming small bodies at tops. bearish or bullish? at 2006-01-05 09:08:32
Sensex made a new high today at 9457, but could not sustain it and went into intra-day correction. The candles has small bodies which indicate small range bound movement during the day..... .... ... ... ... ... ... ...... ..... ...... We expect either a correction tomorrow or consolidation in this week, but since cements sector's news has to come, now is the time to start looking for huge volatility in market as news for the sector's unfold on internet and business channels. Although the upward movement is looking quite stretched which is quite visible on sensex candles, there might be a last rally left on the bourses, in some points. I advise exit and watch the TAMASHAA!
best of luck!
Blog Source - http://investsmart.blogspot.com/atom.xml
|