Posted By : Kishore B.S
There is saying among most of the corporate that weekend are lazy days since they lack the zeal and motivation to remain on the momentum but the markets which were open today for 2 hours as a special trading session to check the Disaster Server Readiness defied them.
The markets remained on the positive zone today largely and though they remained in the range bound market, unable to cross the higher levels yet the positive momentum itself signified to some extent that the momentum could tide over to some positive zone for the next few sessions if there were any negative triggers.
The closure yesterday and today have together formed a Dojis’ indicating neutral sign and that any big move on Monday could setoff the trend to be watched out.
With this session it has signaled that the wait is mostly likely to be over and we might see the much desired move on Monday and till then adieu and happy weekend……..
(Inputs: Mr. Hemanth V, Faculty TA, Stock Market Institute, Bangalore)