Friday, August 5, 2016

@SBI: Once again Bulls cheated Bears

Bulls once again cheated bears and denies a closing below 223. Yesterday candle may prove costly to bear dear. Closing above 232 would give bulls to run the show.

6 comments:

  1. #Multibaggerstockideas - Market worried with global uncertainties :

    On the macro front, the outcome of a monthly survey showed that August saw a solid rebound in the rate of expansion in Indian service sector business activity. Data released showed that the seasonally adjusted Nikkei India Services Business Activity Index rose to 54.7 in August, up from 51.9 in July, posting its highest level for over three-and-half years. Foreign institutional investors largely remained on the buy side in the Indian equities. From here, it is expected that market will continue to move upwards. Upcoming major macro-economic data, crude oil prices, rupee movement coupled with trends in global indices and the pace of foreign funds inflow, will dictate the trend of the global markets in coming weeks.

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