The Dow respected resistance at 8400, signaling selling pressure, and is now testing support at 7900/8000. Declining volume indicates that support is weakening. Failure would signal another test of the November low of 7500, while respect of support would again test 8400. In the long term, breakout below 7500 would offer a target of 6000;… Read More »
Hi all Was very Busy yesterday not able to post weekly calls Hope u all are happy with sms service. Nifty Bullish set up which was formed yesterday all went in wind as today due to week global cues Nifty went down almost 3%.Now as from my previous chart Nifty is making lower Highs and… Read More »
Virtually everybody who butters their own bread is outraged that Wall Street, which is becoming a de facto government agency thanks to billions in bailout money, found $18.4 billion in bonuses for bankers who nearly wrecked the world’s financial system in 2008. President Obama’s criticism – “shameful” – is mild compared to what many of… Read More »