Wednesday, July 29, 2009

Indian market summary

I will be also putting Indian market summaries as well as stocks to watch every day as I myself closely follow the markets in India.

Indian markets had a selloff on 7/29 as china sold off hard, the intraday decline was even worse but markets recovered some grounds later in the day. Indian markets are reaching their June highs a potential resistance on lower volume. To continue higher two things have to happen first ths resistance has to be taken out and then volume needs to come in.

I am watching the following stocks tomorrow for Indian markets:
TVSMOTOR(A buy around 60)
BRANDHOUSE(A buy around 30.5)
DCHL (A buy around 100)


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