PULL BACK RALLY.
Hanging Man pattern seen. It is a reversal pattern, but we have to
Get confirmation.
Ban on short selling started with UK followed by US, Today Australia and
Taiwan joined their hands. This got reflected in world markets for their rallies.
All governments are keen on their stock market :
China did a rate cut, it was a surprise unexpected move.
Russian stock market, till Wednesday on verge of collapse. Russian government closed trading for a day and government itself bought huge stocks which moved the Russian market 25% up on Friday.
US is working on a huge bailout plan that will transfer all the toxic asserts from the balance sheet of the companies to governments portfolio.
Major Resistance at 4336 / 4346 / 4389 / 4420 / 4454.
Major supports at 4208 / 4192 / 4099.
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