Today, 16700 is the crucial intraday level for Sensex.If Sensex sustains below 16700, then it could test 16550 and below that level it could test 16350.
Instead, if Sensex trades above 16700, then it could test 17000.
Instead, if Sensex trades above 16700, then it could test 17000.
Short term Technical View of Sensex
The level 16550 is crucial for the short term. If it sustains above this level, then it could test 16800. Instead, if it trades below this level, then it could decline towards 15250 levels.
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.
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.
