So, Indian stocks are a volatile "beta" story: with high valuations in a high growth context. The Nifty index is trading near a "significant top" , a level which may offer "resistance", and some traders have been talking about a "breakout". To get a hang of all this jargon of technical analysis, try this book. It explains the ins and outs of this investment tool quite clearly to the lay reader. | |
| Do bear in mind, though, that this is a statistical tool""a graphic way of picturing the market that aids decisions. In no way does it replace the need to analyse stocks as reflective of the performance of businesses in assorted markets with their own dynamics. |
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| TECHNICAL ANALYSIS FOR THE REST OF US |
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Clifford Pistolese
Rs 265
198 PAGES
Tata McGraw-Hill |
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