Sensex (spot) 16,578.00
Sensex Intraday levels and trading range
Today, if Sensex sustains below 16690, then it could test 16500 and below that level it could test 16400.
Instead, if Sensex trades above 16690, then it could test 16800.
For Intraday, the crucail level is 16690.
Short term Technical View of Sensex
Sensex is likely to form a lower top around 17350 region and a correction towards 16000 by this month end is likely. Instead, if 17350 is broken, then it could move towards 18000.
Medium term outlook of Sensex dated on 14 December 2009
The medium term outlook of Sensex would remain bearish if it fails to sustain above 18000. Sensex is likely to bottom out in the medium term at 7000 levels in coming months
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Long term outlook of Sensex dated on 14 December 2009
The long term outlook of Sensex is looking bearish and it seems that Sensex is likely to bottom out in 3 years.
