Thursday, January 28, 2010

Today's Prediction

As per Technical Indicators Indices and maximum stocks are trading at over sold zone RSI, W%R and MACD are indicating it clearly. Indices are trading outside the Bollinger limit and at any moment may turn to the centre Bollinger band, .F&O expiry on the way and new announcements to come out today, so be cautious.. .trade only with the trend and avoid day trading if remains range bound.
Last day we have seen a heavy selling in F&O segment. So you may still witness panic in early trades but later the market will act according to latest announcements from government , RBI and companies Q3 results.