There are some major news which pushing or holding index on the sky.
Unexpected RBI Rate Cut.
IMF on Jan. 20 announced India’s GDP growth would actually outstrip that of China by next year.
Obama's Visit to India.
Now Waiting for ECB Decision. “Expectations are so high that no matter what they do, someone, somewhere, will not be happy.” says Sarhan Capital CEO Adam Sarhan. “ Investors in the U.S. are very focused on the ECB, because the eurozone is one of the largest trading partners for the U.S. and so many U.S. multi-nationals derive a large portion of their earnings from Europe.”
Now its ECB to decide the Trend next.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Ofcourse Price moving towards or near to 8860+. But the price going to correct before that should be decided by ECB.
>>> Bank Nifty Hourly <<<
>>> Click the chart to see on full screen <<<
Broken down - Both Price and RSI signaled a Bearish tone.
>>> INDUSINDBK - Follow Up <<<
>>> Click the chart to see on full screen <<<
We are still holding our short on IndusInd Bank. Waiting patiently for a good correction. Lets See. Cheers!!!
