Some of the large cap's gave me rejection to further upside. That is they wanted to move up the previous levels and surrendered their heights. A weak sign indeed for me.
Testing some thing new this time. Cause when majority gives this type of movement, the next day they move in one direction. Some times counter and some times in favour. For eg. the signs are short now, but my common sense says that all will move up tomorrow. If wont move up, then a gapup opening can b there, a surrender after that.
Such types include tatasteel, ster, reliance, idfc, aban, acc, axisbank, bhusanstl, bpcl, canbk, dlf, hindalco, hindpetro, lichsgfin, maruti, punjlloyd, sbin
Now all of these if respect the signal will take the market down, but some things tell that when majority gives this type of movement, result is counter. Waiting for tomorrow.
Testing some thing new this time. Cause when majority gives this type of movement, the next day they move in one direction. Some times counter and some times in favour. For eg. the signs are short now, but my common sense says that all will move up tomorrow. If wont move up, then a gapup opening can b there, a surrender after that.
Such types include tatasteel, ster, reliance, idfc, aban, acc, axisbank, bhusanstl, bpcl, canbk, dlf, hindalco, hindpetro, lichsgfin, maruti, punjlloyd, sbin
Now all of these if respect the signal will take the market down, but some things tell that when majority gives this type of movement, result is counter. Waiting for tomorrow.