Friday, April 13, 2012

Ghost of Friday 13th

It was not surprise for me, as I was expecting something unusual today. I also mentioned in my previous blog.
Ghost of Friday 13th is very much apparent today in world market. Every market is down with no concrete reasons. Many argue about Infy result causes Nifty down. But may I ask them if it was so, why Nifty did not plunge as soon result was declared. Why Nifty plunged in late afternoon, when it seems everything is fine, and market has discounted Infy result. Anyways, Nifty has respected the lower level of the channel of 100 points.
5200 has replaced the crucial level from 5260 with the type of closing. I believe market will bounce on Monday before clarification by RBI policy meet on April 17.

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