Thursday, February 3, 2011

Oversold D-Street looks for assistance

Expect, Bounced Back But Only and Only Above..5454.00 Mark

Today's Below ...........5417.00 Mark...and stayed that Level for Consecutive 20 Minutes............Immediately Expect a Level of ______(To know Subscribe)

While Markets continue to linger in the oversold territory, every rise is being sold-off by investors. Yesterday's late hour smack down was a big disappointment. Raja's arrest is just a lame excuse for markets to move down.

The silverlining in the last three days session is buying emerging on all dips. It is just a matter of time one witnesses relief rally but the chances of a relief rally converting into a full fledged rally look bleak, atleast in the extreme short term