Last week DOW had a tremendous rally so I do expect the corrective moves to halt, atleast(& we did have enuf, din we).
Reliance has shown a breakout from its HnS pattern hence we know Index does have a strong guy. ICICI is another one to support it with some breather.
Also, on readers' request Hero Honda was analyzed. It has an excellent 50DMA support which could have pushed it into the bullish zone, but sadly it wasn't the case & thus would reccommend to wait.
Baltic Dry Index is a worry still. One may say an opportunity too!
Copper charts have interesting consolidation but breakout green-flag can not be permitted only 'cos of index weakness.
I would most definetly exclude my 'calls' from this post not -forcing funda on visitor's who wud like to make a smooth cruise.
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