Friday, July 16, 2010

Analysis for July 16th

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Quick Market Overview For FRI 16th July 2010 :Quick Market Overview For FRI 16th July 2010 By CA Rajiv D Khatlawala MD, ValueTrade Academy Pvt Ltd. www.investogyan.com


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Key highlights of today’s Trades :Key highlights of today’s Trades The markets continued to consolidate today too but there were some ‘technical’ indications of ‘preparing’ for a rise. Next week will tell us Action remained in midcaps European markets opened positive helping markets recover a bit. The EuroUSD touched my second target of just near 1.30!


NIFTY The Technical picture :NIFTY The Technical picture


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In Conclusion :In Conclusion I presume the Nifty may be readying for an upmove next week. A close above 5430 should be the signal to us. We expect the next week to be more scrip specific (Pl note: One Weekend Technical Trading Workshop starts tommorow)


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