today nse index had show breakout movement at resistance at 5200 Data shows
221,084,588 +22108458 = 243,193,046- 25 oct 2011 high 5211 volume 221,084,588 after that market again went to lower level
- 27Jan 2012 level 5217 volume 215,923,377 market lost more than 100 point on 31 Jan2012
- now today on 01feb2012 closing at 5235 and volume is 552,000,000 some what near this
- this is 10 % of volume that shows resistance
- this seem
volume greater than 243,193,046 and closing above 5230 is technically break out of resistance
now what happen tomorrow is gap up is confirmation of break
because remember last time this level was broken very panicky with gap down opening during US debt crisis talk
technically this look like break of resistance
but last time also this level breached by gap up opening
we will see tomorrow what will happen
If this is break or not?
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