AN OPINION ON INDIAN STOCK MARKET - NIFTY INDEX - IT IS MY TECHNICAL ANALYSIS 'DIARY' and not for business promotion
24 November, 2008
SETTLEMENT PRESSURES???
Previous day's trades are just range bound but not at expected rally. Nifty is just +15 points. Nifty future additions are more = bullish. FII F & O bullish but sold in cash. FM & SEBI statements are showing that some rally may come immediately but after the settlement. US markets are + ve with package of Citi group. This may lead + ve markets around the world tomorrow. If nifty crosses 2860-2880 then markets are bullish else may fall for settlement itself.
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