03 June 2009

15000 - A PSYCHOLOGICAL RESISTANCE


After a sharp run up a little lull has every one start suspecting whether the markets would reverse the course. The market has always behaved like this ie stalling at such psychological resistance especially after a sharp rally and looking for new trigger. It should take only one close above the 15000 mark for it to resume the move. The next technical stop is not very far at 15580 where it could rest little longer.

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