Technical Analysis

Global Market jumps – as BEAR stage rebound across global markets on banks rescue optimism, after governments around the world-intensified efforts to boost the ailing financial system.

However, any Rebounds are likely Short-lived & Not Sustainable in BEAR markets, unless driven by healthy fundamentals.




Looking forward, ST INDEX remains weak & is trapped in Bear Phase as long as any rebounds remain capped below its 2440 Resistance Level (unless prevailing credit crunch woes are at its diminishing end).

CHARTVIEW (Mid Term) – Next Support Level 1970-1800 if Credit Woes cascade!

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