power house for nifty technicals and stock market fundamentals with charts and technicals.
Thursday, September 4, 2008
INSIDE DAY
Market did what was expected started soft and gapped down and then drifted down to take support at 4420 levels...despite it trying 2-3 times to move up , selling came back..mid /small caps were flying all around and some of them like moser/hcc/mll/boi etc gave good returns..the market today made a INSIDE DAY, meaning it never crossed the high / low of yesterday..what does this mean...when ever the market will cross either high/low that MOVE can be big in the breakout direction, which should be followed by traders....so watch out for the break out friends...INDEX shares did nothing..is it DISTRIBUTION/CONSOLIDATION , time will tell..cheers
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