Friday, December 31, 2010

Market Status.

 

Finally, it looks like market has confirmed bullishness on the weekly scale too. It has now closed above the critical level of 6070. This means that, there is a high chance that market will rally in the next few weeks more.  Remember, it had few weeks ago, exhibited a bearish engulfing.

 

Now, there is no harm in expecting 6300 in a short period. We will see the rest of the story after it breaches 6300.

 

Wish you all a very Happy and Prosperous New Year.

 

 

 

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