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Indian stock Indices

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Indian stock Indices Empty Indian stock Indices

Post by b_A Tue May 13, 2014 11:30 am

Indian stock Indices look very extended and it seems a pullback is in the cards.
Probably Nifty to below 6900 and BSE below 23000.
A case of "Buy the rumor sell the news" if BJP wins ?

b_A

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Indian stock Indices Empty Re: Indian stock Indices

Post by b_A Tue May 13, 2014 11:58 am

For the TA aficionado's -
Look at the Keltner Channel and how beautifully it encompasses the BSE index and what happened the last time it was overshot.

" http://stockcharts.com/c-sc/sc?s=%24BSE&p=D&yr=0&mn=9&dy=0&id=p46533588084&a=234727006&r=39 "

Note: You can bookmark the link if you like, the chart auto-updates.
Copy-paste the link if clicking on it doesn't open the chart.


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