Tuesday, September 8, 2009

Market Views

Some points to keep in mind to have a wholesome perspective of how things are rolling.
  • Crude is again facing resistance at $68 yet again(3rd time!). Indicators have started to show -ve divergence on daily charts & as well all the popular EMA's have been breached as it is.
  • Dollar hit another low against euro, which caused all the global mkts to raise a toast to it. Many scrips zoomed just on account of raw material cost easing out.
  • Gold hit $1000 which also aided the aforementioned point. But it has hit the demand in our domestic market just in time when festivities are about to roll-in.
posted by support.mytradingcalls@gmail.com

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