‘Spot market’ is a financial market where financial assets, securities or commodities are bought and sold in cash with immediate delivery. It is also known as ‘cash market’ or ‘physical market’. Spot market can be either an organized market or OTC (over the counter) or an exchange. In the spot market, contracts got effective immediately as soon they are traded while commodities can be delivered in one month or less.
Technical analysis is a methodological approach to forecast the direction or the trend of price movements in the stock market by analyzing all available historical data on prices and volumes. The technique basically considers supply and demand forces to predict the future outcome. The methodology does not take in to account the intrinsic value of the stock, whether it is overvalued or undervalued, rather technical analysis is based on the