Wednesday, January 19, 2011

Indian market on 19/1/2011

Sensex daily chart (click to zoom)
 Yesterday market successfully bounced back and was in green zone, today it went up to 19065 and nose dived again in red territory over concerns of high inflation and fear of rate hike by RBI.
Technically RSI could not give positive crossover though stochastic in bullish zone.
we remain bullish for next few trading session