Sunday, August 30, 2009

Thoughts over NIfty -- Week Ahead beginning 31 Aug '09

It aint news anymore that nifty is heavily bought as of now. Negative Divergence with breaking supports have resulted for many indicators !
Hong Kong stock index is heavily poised to collapse in another few days.
Though Nasdaq is all decked up nicely.
Since there are over 15 stocks heavily overbought i expect some correction.

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