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Saturday, June 16, 2012
Wednesday, June 6, 2012
FUNDAMENTAL VS TECHINCAL
Its not a fight between Bull and bear ,now its a fight between Fundamental and technical. both are giving reverse direction.
Fundamentals are weak across the globe and Euro is still in deep mess so this paints a bleak picture for global markets and makes it fragile.
Techinicals are indicating again a pull back rally upto 5100-5150 as observed last week , bears should ideally given there postions yest at 4910 levels because mkts were oversold nd monday morning was ideal time for them to cover short postions when NIfty made a low of 4710 .
Now , Nifty is above 20dma after 2 nd May .
Fundamentals are weak across the globe and Euro is still in deep mess so this paints a bleak picture for global markets and makes it fragile.
Techinicals are indicating again a pull back rally upto 5100-5150 as observed last week , bears should ideally given there postions yest at 4910 levels because mkts were oversold nd monday morning was ideal time for them to cover short postions when NIfty made a low of 4710 .
Now , Nifty is above 20dma after 2 nd May .
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