Dow showed strong up trend and closed the week at 12,972.
crossing 13,050, dow will hit a tgt of 13,210 in this week.
so anybdy if short, SL is 13,050.
as for our markets, we dont really follow Dow, but we take direction from it, and theres no denying that.
Most of the indian analyst are bearish on the markets, but charts still says that there is no reason to be so.
keep a close watch on dow, if 13,050 is not crossed, dow will continue its downward journey, and our markets would follow.
But crossing it, we might see a 2 day rally.
