currently the indian markt is trading at BSE9901.99 
193.49,NSE 3060.35 39.40, and most of the investors who are worried with the bearish trends in the stock market must have taken some sigh in relief. But still there must be lot of doubts in their mind about the market that whether the rally is going to maintain its trend or come to revrsal. Accordig to th statement given by technical analyst market is still to see its bottom. Its true that th rally will continue for few days, but the trends are revealing that the markt will take backward shift in coming one or two month. According to them nifty figures soon start hovering around 2800 and after reaching this point they will start moving in posetive direction.Yesterday’s small up move and overnight the small Dow move, these are basically just pauses because once you have a big down move and then you have a small reaction you should be ready for more downward pressure. So before this consolidation is over, you may get to about 2,850 before the market is able to restart its move again. So, we are basically a bit stuck in mud, we will pick up momentum below 2,978. But overall you will see that all these gains that Asia etc has will be given up, right now the Dow futures is down 90-points. So, basically all markets are giving up gains from the top but it will take some time to get to lower levels, 3,100 remains the ceiling on the upside.
193.49,NSE 3060.35 39.40, and most of the investors who are worried with the bearish trends in the stock market must have taken some sigh in relief. But still there must be lot of doubts in their mind about the market that whether the rally is going to maintain its trend or come to revrsal. Accordig to th statement given by technical analyst market is still to see its bottom. Its true that th rally will continue for few days, but the trends are revealing that the markt will take backward shift in coming one or two month. According to them nifty figures soon start hovering around 2800 and after reaching this point they will start moving in posetive direction.Yesterday’s small up move and overnight the small Dow move, these are basically just pauses because once you have a big down move and then you have a small reaction you should be ready for more downward pressure. So before this consolidation is over, you may get to about 2,850 before the market is able to restart its move again. So, we are basically a bit stuck in mud, we will pick up momentum below 2,978. But overall you will see that all these gains that Asia etc has will be given up, right now the Dow futures is down 90-points. So, basically all markets are giving up gains from the top but it will take some time to get to lower levels, 3,100 remains the ceiling on the upside.
good going....keep it up
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