Sorry for not being able to put across my point of view as I am facing some technical glitches in my model. However, last two days movement in the broader market makes me think whether this is a technical pull back or sustainable one. In theory stock market is a leading indicator, so if we believe that in next two quarters our GDP will bottom out then this could be the starting point. But looking at the global scenario its really difficult to put your neck on the line. Our mother earth is even more indebted today than a year ago.
Any views on the drastic movement in MMTC, STC, Hind Copper and mant PSU stocks.
Nifty Intra Day Call for Feb 02, 2012
No Call to Trade
Nifty Put Call Ratio is at 1.423
5D MA 13D MA 90D MA 200D MA
5,177 5,061 4,940 5,198
S1 S2 S3 R1 R2 R3
5,182 5,128 5,096 5,267 5,299 5,353