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Monday, March 24, 2014

Shanghai Composite@ Worries Chhuu Mantar!!!!

Just in Feb when Shanghai composite index was inching lower and market was buzzing with lower levels we came up with the following single view on 25th Feb 2013@ 

Shanghai@ Likely to take support & bounce!!!

Today Shanghai closed at around 2034.
Going ahead it got super excellent support in the region of 2004 to 1979 where we expect it to take support and give a solid bounce.
So keep watching.



What happened next@

On 20th March it made intraday low of 1993.48 

It gave a solid bounce and currently around 2074
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