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Dow Jones and S&P 500


Dow Jones and S&P 500 have made a new high, but Nasdaq and Russel 2000 have not yet, showing weakness there internally, similarly even the European indices have not made any new highs, showing lack of strength or tiredness, coming back to India and nifty, we will find stiff resistances between 7650 to 7680, on spot and 15550 to 15600 on bank nifty spot, midcap and small cap are yet to close above June quarter close, once the breadth turns neck to neck markets will be seen choppy and range bound and once we see negative breadth, we will see positions getting unwinded, trade less be focussed, on ideas this is the mantra

{17.07.2014}




























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