Share market prediction for 20.11.09

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Share market prediction for 20.11.09.

 

Resistance: 5002, 5040, 5090, 5130

 

Support: 4950, 4910, 4860, 4820

 

 

 

As predicted earlier, market did play its role and was also very volatile,

but panic got set in the closing hours and went down beyond expectation. But

those who are short in the market will be on for a big surprise tomorrow,

20.11.2009.

 

 

 

Tomorrow, Chandra and Venus will play a big role. Both are friends, as

Chandra is exalted in Shukra rashi, the day also belongs to venus and venus

is also the karak for share market. But the after effects of today's fall

and also global market corrections will give a depressed start to the

market.

 

 

 

Hence the market will open with a down gap and then will start rising. This

uptrend will last for two days. All the indices, large cap, mid cap, small

cap will also simultaneously rise. But do not short, till overbought level

is not reached. The RSI index still has more scope to rise.

 

 

 

 

 

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