Intraday Technical Analysis with Nifty Chart and Trading Stretegy / Stock Tips for 30 Nov 2009 www.StockInspection.com
Posted by Indrodeep Banerjee on November 27, 2009
Total Views - 2133On Friday markets opened with huge loss and jittering with strong selling pressure across all the counters after the debt crisis of Dubai World, accumulating debt of 80bn USD.
After the gap down opening bloodbath continued across all the counters of the market until late afternoon when the investors resorted into some value buying which helped the markets to gain some grounds and recover from the days lows.
Markets finally managed to close much above the days low but in the negative territory. It closed below the 5 DMA and 20 DMA levels and RSI below 15 indicating few days of struggle for the markets before it Click Here To Read Full Article »
