Monday, August 8, 2011

SGX suggests a soft open, no panic

As I write this at 7.18 AM. the SGX Nifty suggests an 85 point decline. This is really not bad news. On Friday, the Nifty had touched 5100, so if we go down to 5100 today, we are really seeing a test of Friday lows, no more.

I have given my views in previous posts. We should see a short term low soon enough.

2 comments:

Anshul The Maniac Finance Kid said...

Sudarshan ji, let me first thank you for kick starting the blog again. Want you give your views on asian paints and gillete as these are two stocks which have shown relative strength by technical parameters for past decade. As long as 50 day average is above 200 day average these stocks tend to bounce every time rsi dips below 50. Can those be good entry points technically and is these right strategy which i have been implementing

Tushar said...

is this a head & shoulder pattern on nifty weekly chart? Pls assist