Indian Stock market Pre Budget Rally at FinGad.com

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Categorie: Emerging Markets
Submitted 9 months ago by

Narasimhan , Owner at Krish Systems

Indian Stock market Pre Budget Rally Indian budget is due to presented on the Feb 28th, 08. The stock markets have started reacting to the pre-budget signals, presumptions, and expectations as given out by the trader’s positions. There are many claims that the pre budget rally has begun. If we take a look at the BSE Sensex chart for the past three months it is easy to guess where this pre-budget rally is leading to. No where! Hold at least the MACD has given a whiplash and may again signal buy shortly. Have a close look at the chart. We can easily see a distribution pattern. This was very much expected as the FIIs had done nothing but selling since the market peaked mid January 08. The domestic MFs were the largest buyers but their support was not so reassuring to the short term traders, who seem to make more profitable sell deals. font-size: 11pt; font-family: Ver... More...

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#1 | Narasimhan @ 9 months ago Owner at Krish Systems User Rank : 1905 Portfoilo Balance: $498,940.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: The market has proved this piece. Sideways and uncertain.

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