Re: 17th dec-sensex close:19261-INTERMEDIATE TREND DOWN-BULLS EXIT>REENTER ABV 20400
do visit ur rokers dealing room oftenly.....the crowd is the best indicator to gauze a rough trend of the mkt.....
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fiis net sell 1454 crs 2day......so what ....! someone has also bought their goods too!
bulls....not that fiis r selling....the mkt is falling.....its bcause...19500 was breached on close & ended this intermediate uptrend.
2day was the 6th session of this downtrend....
now , 20400 stands tall in front of bulls like a shadow in the form of subprime & whatnot..
these negatives were present a fortnight ago also.....so why the hype & hoopla now???.....bcause , technically in an intermedite uptrend....every negatives r drunk without fuss by the greed while on viceversa....every positives r taken as an oppturnity to dump by the fear....
these r the ways of the mkts @ mind u they r in place for over 100 yrs...
in every bull or bear mkts.....technologies & participants change ....but the rules of the game.....
never change...
Sensex ends marginally up; REL soars 4% .....
The Sensex opened with a significant positive gap of 175 points at 19,255, and soon rallied to a high of 19,398. However, profit taking at higher levels saw the index pare gains as the day progressed.
Unabated selling saw the index slip into the negative zone to a low of 18,886 - down 512 points from the day's high. The Sensex, however, rebounded into the positive zone and finally ended with a marginal gain of 12 points at 19,092.
The market breadth was fairly positive - out of 2,941 stocks traded, 1,876 advanced, 1,033 declined and 32 were unchanged today....
