SENSEX has been moving up almost in a straight line since last correction before the budget. However it now needs to cool off as the short term RSI has moved above overbought zone and it is very close to strong resistance at 17,790 and new results season round the corner. If, however, it attempts to cross the resistance in this run itself it could mean the bulls want to setup bull trap by moving slightly above the resistance and then correcting mildly. The medium term target for the index is around 18,300 where it could look downwards. While the index cools off or goes for consolidation the small and mid cap stocks would have a field day and a link for our top small stock picks is given below.
2 comments:
Correctly your article helped me altogether much in my college assignment. Hats afar to you send, will look ahead in behalf of more interrelated articles soon as its sole of my choice issue to read.
I appreciate your post, thanks for sharing the post, i would like to hear more about this in future
Post a Comment