After a 130 points rally on last Friday market is now ready to take profit. Our bearish turning point is 5692. We can see a big difference from two bearish points. If market opens below 5692 level , expect a sell of in the market. We have not recommended buy calls today. In FDI and reforms case the positive sentiment may fade if TMC come with a resolution against the policies in parliament. If market cross our second bearish level at 5615 , then towards the expiry market may even come down to 5550 level. We are ignoring a chance that market crosses above the bullish levels today .
Excella is an investment advisory solution provider. Excella developed software for financial planners, registered investment advisories, Research analysis , share brokers and mutual fund distributors. Software is cloud based and data is securely protected .
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.