Dec 102010

Let the charts do the talking.

FMCG Sector:

FMCG Index - Daily Charts

The key banking index:

Banking Index - Daily Charts

 Posted by at 2:58 am

  8 Responses to “Internals deteriorate for Indian stock markets”

  1. What is the outlook for the real-estate sector in India specifically for DLF?

    • The real estate sector is the favourite whipping boys for the bears. The sector has another leg down pending, after which one can aim for better times. DLF has to hold 255-60 else much deeper problems would surface.

  2. hello sir what type of analyzing charts will be better price action or analyzing the chart with indicators
    thanks in advance

    • Indicators are a derivative of price or volume, so 1st analyse with price action. Use indicators as confirmation tool. As the name says they are indicative not conclusive 🙂

  3. thank you sir.any good book on understanding price action

  4. Dear Sir,

    What would be the targets for Bank Nifty?

    Thanks in advance.

  5. BSE Banking reached 12100

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