Today, 18390 is the crucial intraday level for Sensex.If Sensex sustains below 18390, then it could test 18390 and below that level it could test 18280.
Instead, if Sensex trades above 18390, then it could test 18480.
Instead, if Sensex trades above 18390, then it could test 18480.
Short term Technical View of Sensex
The level 18250 is crucial for the short term. If it sustains above this level, then it could test 18400. Instead, if it fails to trade above this level, then it could decline towards 16500 levels.
Medium term outlook of Sensex dated on 2 August 2010
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 13300 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.
No comments:
Post a Comment
Post your comments