NSE20 closes @4637 - tops out @4648 which is 30pts from the 4678 target. This reverses a 13 day series of rallying from Jan 28 2013 as the heavy weights reverse price gains. Focus now shifts back to near term support at 4500. Tech readings are overbought and need to reset.
MSCI KE index should also reverse after setting new all time highs @1375. Near term support is @1300.
Timely reversal this when the banks are about to announce their results as well as other firms.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!