Thursday, November 12, 2009

Thanks to the cyclone which was about the affect India, but passed away without affecting India. But the Indian markets felt the tremor. Bears had a bad day. Bulls kept of pressing the buttons and the markets continued to rally till the end of the session. Sensex jumped 400 points to close at 16450. and Nifty closed above 5000 mark again, gaining 122 points. Nifty closed above 4950 levels that too with good volumes. Yesterday in the MACD pattern the Short term moving average is trying to cross the long term moving average from below. But not yet crossed convincingly. Markets might open flattish or slightly negative after yesterdays bull run.

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