Today, 18350 is the crucial intraday level for Sensex.If Sensex sustains below 18350, then it could test 18200 and below that level it could test 18100.
Instead, if Sensex trades above 18350, then it could test 18450.
Instead, if Sensex trades above 18350, then it could test 18450.
Short term Technical View of Sensex
The level 18500 is crucial for the short term. If it sustains above this level, then it could test 18900. Instead, if it fails to trade above this level, then it could decline towards 17800 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.
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