All formations, patterns, indicators and technical tools fail at various times and so should only be used to build a body of evidence in forming a trading decision rather than being solely relied upon. There are a number of valuable studies that lead to intuitive understandings about price and volume but a strong compliment to technical analysis is an understanding of the trends and changes in the fundamentals and economic activity that ultimately lead valuation levels in the markets.
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Positive to gap up up opening with mixed bias is expected with volatile session. Valuations are good but crude rates and inflation is still worrying investors and they are sitting on cash or looking for other opportunities. FIIs and DIIs invested 1200 Cr Rs in march till now . Panic selling in Reliance and infosys drag market to 5400 level …today cairn will show nice up move... buy it for intraday gain of 1 to 2 % …other stocks good for today’s trade are tata steel , ambuja cement and jp associate wid ONGC …Financial sector will perform today ...charts are quite good
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