Tuesday, January 01, 2013

5965 Hurdle for Bulls

Dear All,

>Click the Chart to see on full screen<

5965 Crucial Resistance for Bulls.

After a Gap Up Opening on New Year Eve, its seems many counts changed and many stocks also changes their pattern.

All these happened when US Senate approved an agreement to raise taxes on the wealthy and stave off deep spending cuts, hours after the White House and Senate Republicans hatched a New Year’s Eve deal to keep the U.S. from falling off the fiscal cliff.

Back Home its seems like Market is expecting a Rate Cut Soon from RBI.

Above Chart shows a Possible double top or a Completion of B Wave, looking for a Fall in C Wave.

Break above 5965 may turn bullish and we should recount it, which i have not given here.

Lets see!!! Cheers!!!