Tuesday, April 27, 2010
LESS CUES
Markets are still not having any positive cues for a break out and may consolidate by retesting 5280 or lower..Only BREAK & CLOSE OVER 5400 zone signals a break out ahead.Be cautious as markets seem to be nervous & can give a BIG JERK too when it lacks momentum on the upside....enjoy the day cheers.
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The market was very disappointing today. Again we are nearing the expiry date of April futures, so, no positive outlook on Wednesday/Thursday. Would you recommend going short for tomorrow?
Also, many stocks will bottom out by April end. Please recommend some good bottom picks for medium term investment
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