Hi All,
Nifty is yet to break its May 2013 high of 6230 whereas Sensex has already surpassed the same and is trading comfortably higher and even closed above it (Sensex high in May was 20443.62 and yesterdays close for it 20646.64)
As per the quarterly charts I feel September month close is very important if Sensex manages to close above the 20443-444 mark by 30 Sep 13, we might see both the bources moving in tandem and crossing their all time highs may be before December 2013...
But if this divergence is materialized, god forbid ... the hell might break lose.... but dont think so it can happen without giving any signal on charts...
RBI meeting is awaited today and it's advised to wait n watch
Cheers
Hrishi
Nifty is yet to break its May 2013 high of 6230 whereas Sensex has already surpassed the same and is trading comfortably higher and even closed above it (Sensex high in May was 20443.62 and yesterdays close for it 20646.64)
As per the quarterly charts I feel September month close is very important if Sensex manages to close above the 20443-444 mark by 30 Sep 13, we might see both the bources moving in tandem and crossing their all time highs may be before December 2013...
But if this divergence is materialized, god forbid ... the hell might break lose.... but dont think so it can happen without giving any signal on charts...
RBI meeting is awaited today and it's advised to wait n watch
Cheers
Hrishi
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