Deepak Mohini, Director, trendwatchindia.com in an interview to Media said its an intermediate uptrend market, it was going up last two or three days and now we are finding global markets this morning at least heading both ways. One can expect a very-very mix bag.
How are you reading the charts and perhaps strength roundabout that 5280-5300 mark?
Essentially we are still in an intermediate uptrend market, it was going up last two or three days and now we are finding global markets this morning at least heading both ways. Given that today may be a day for individual moves not so much as a market move but individual moves stocks which have been in downtrends probably go down a bit and the ones which have been stronger they get a chance again to take up. So I think that's a sort of day we will have a very-very mix bag coming up.
|