Today, 17800 is the crucial intraday level for Sensex.If Sensex sustains below 17800, then it could test 17680.
Instead, if Sensex trades above 17800, then it could test 18000.
Instead, if Sensex trades above 17800, then it could test 18000.
Short term Technical View of Sensex
The level 17300 is crucial for the short term. If it sustains above this level, then it could test 18000. Instead, if it fails to trade above this level, then it could decline towards 16850 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.
