This index was rising with lesser conviction since march and finally the uptrend has ended up with a head and shoulders pattern. Overall, the outlook is not very positive for the short term. Medium term is also under threat because of negative divergence in momentum indicators. A close below 7960 would confim further decline in the medium term.
stocksharetip.com
Stock Markets -Free Educational Outlook for Major Global Stock Markets
Chart:Quote.com
June 2009
