Reuters India stocks technical analysis
Near term.
Friday saw more gains with the Slow Stochastic pointing higher and as the RSI recovering from oversold. Very good signals from both studies and we got the price action we expected. The Slow Stochastic is still pointing higher and with the correlation with Wall Street currently very high as per the lower chart so much depends on the performance in the US.
Double-click to see the chart (www.reutersindia.net).
For technical levels of the BSE-30 .BSESN, Oil (Light Crude Futures) CLc1 and Gold XAU= double click
(www.reutersindia.net) and follow the links.
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