After initial drop in late August, market tried to rally which got capped at 10300 area. Due to lack of good support, market is drifting down. When will this correction end? What shall we expect in near term?
Much awaited Fed decision is out of the way and now market appears to be ready for its next move. BUT which direction and for how far? Will charts give us any clues?
After a severe drop in August, market is undergoing a consolidation phase also know as absorbing the move. It is moving in a range as if waiting to make the next move. What will be the next probable move?
What is NYUD?
What is BPNYA?