Thursday, August 12, 2010

Weaker Than Yesterday.

  • The whole day’s price action of NIFTY was much weaker than yesterday.
  • Now that Tata Steel has given a SHORT signal, as per the closing value of 12 Aug 2010.
  • Maruti is maintaining it’s SHORT mode.
  • Rel capital is maintaining it’s SHORT mode, and is weaker than yesterday.
  • ICICI Bank got weaker.

*** what I meant “weaker” is purely qualitatively , considering the complete day’s price action, and not considering whether it has closed positive or not.

In addition to my posting today morning, Hang Seng too has entered into bearish zone.

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES