17/03/2010 - Market cues & calls

One more show from Bulls. Japan got a relief rally. one thing we need to understand Fundamentals wont change within one day. Global data too worse. Thoughts everywhere that Fundamental all over world is bad so INDIA could be a safe bet. will it be correct? do we know our fundamentals strong? Every economy is inter related in some manner. so these are some talks from suckle bulls. so lets see the development and how its been traded .

Fundamentally as told today is much awaited Big trigger RBI meet. where every Technical analyst use this word too often from last few days :P

Technically Still Last weeks High not broken. Yesterday on Intra chart there was short covering pattern happened which is just a short covering and not any long addition. on Pattern side a small rising wedge formed on 15 mins. people getting confused what to do on Higher levels which result in Doji on Intra charts. Just wait for the RBI trigger and play the game. Key level for the day is 5552.



Happy trading !!!!!!!!

Jay