16/03/2012
Today's open drive in NF met with selling all the way through helped by the BN which went down 300+ points. After rejecting yesterday;s vwap and POC off the open, the NF spent the latter part of the day in the low volume zone created between 12th and 13th March. Upper resistance […]
RBI day
The open drive in the BN at the open met with renewed selling at the announcement of the rate decision by the Governor today. After the inflation number had moved up and the industrial production looking good, one was thinking that the time may not be right for the RBI to cut rates. […]