Global markets were flat this morning. We were expecting a sell of initially. But in morning trades bears were really not so strong and sell of was slow. As in table given below major price change happened between 3rd and 14th Aug. we can also see open interest increased with increase in price. In this period market almost went up more than 3%. After that bulls were exhausted and were tired. There was an intraday spike on 21 and 23, but bulls used this opportunity sell off. It is evident from the candle sticks that length of the bullish candleswere reducing and finally a doji formation happened. Market indicators also given an over stretched situation. We adviced our customers to keep short positions. major sell off yet to happened. Today market remained in caution. Actual sell off yet to come.
| Date | Price change | Change in Contracts traded | Change in Open Int |
| 3-Aug-12 | -0.11% | 77.03% | -0.79% |
| 6-Aug-12 | 1.06% | -30.74% | 0.44% |
| 7-Aug-12 | 0.96% | 27.64% | 3.20% |
| 8-Aug-12 | 0.13% | 5.33% | 2.04% |
| 9-Aug-12 | -0.09% | -8.60% | 1.14% |
| 10-Aug-12 | -0.09% | -23.56% | 1.56% |
| 13-Aug-12 | 0.50% | -12.24% | 3.93% |
| 14-Aug-12 | 0.65% | 37.89% | 2.63% |
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