August 27, 2010

S&P 500 Analysis after closing bell

  • 1050 gave good support for S&P 500 on closing basis. That has been violated now. 
  • Price is trading below 200, 50 and 20 DMA.
  • 20 DMA is approaching the 50 DMA. So we can expect a big  move in either direction.
  • If the negative cross happens 20 DMA crossing 50 DMA that will be bad news for the bulls.
  • On the contrary this can also be a fast raise set too.


  1. Scripts to watch today : Bhel, Bhartiatl, DLF, ICICIBank, Infosys, Maruti, Reliance, RelInfra, Sterlite, Cairn, Sail.

  2. Dear Sir,
    can u tell me which broking in india is best/affordable for to trade in dow,nasdaq etc