13-4-2009 trading shows range bound trading with a bullish closing.
As per sensex charts markets may raise up to 11250-11300 with in one/two days and fall up to 10650 in the near future. RSI is becoming weaker now on 60/30 minutes charts. In the nifty there may be raise of 100 points and fall later 250 points. If sensex falls below 10600 then markets will fall further else go long for further rises. FII data, F & O data are positive.
Update on 15-4-2009: Dow is weak on yesterday. Today is Infosys results. SGX nifty is flat. We may expect good results and markets may rise before fall else open weak then rise and then finally fall. But, one has to confirm the trend reversals by observing the Future open interest writings. Expected trend is weak for the week end / next week.
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