Option reading index for today is (-) 4.45 rise from last trading figure of (-) 1.97 suggests selling pressure. Rupee has depreciated suddenly which will add more volatility. Depreciating rupee at this juncture may hamper inflation control efforts. Time for revaluation.
For Atul - short term view
My guess is Apollo Tyre is trend up but reaching peak facing resistance at 66 level. overbought in slow stoc, peak at RSI and MACD. Crossing of price level 66 with volume may take it higher to 71 levels before technical correction sets in. Accordingly plan your trade.
2 comments:
Hi Sri,
I have loaded amibroker format data updated upto 11th March on rapidshare.
http://rapidshare.com/files/452119316/EOD_11Mar.zip
http://rapidshare.com/files/452123073/Intraday_11Mar.zip
Broadband restored only yesterday, hope the road diggers will keep away from BSNL cables. :)
hi rm,
thank you so much
Post a Comment