Today, 22950 is the crucial intraday level for Sensex.
If Sensex sustains below 22950, then it could test 22825 and below that level it could test 22700.
Instead, if Sensex trades above 22950, then it could test 23200.
Instead, if Sensex trades above 22950, then it could test 23200.
Short term Technical View of Sensex
The level 22000 is crucial for the short term. If it sustains above this level, then it could test 24500. Instead, if it fails to trade above this level, then it could decline towards 20000 levels.
Medium term outlook of Sensex dated on 25 April 2014
The medium term outlook of Sensex would remain bullish if it sustains above 24500. Sensex is likely to top out in the medium term around 24500 levels in coming months.
Long term outlook of Sensex dated on 25 April 2014
The long term outlook of Sensex is looking bearish and it seems that Sensex is likely to top out around 24500 levels and it is likely to see a long term correction from that levels for atleast 3 years.
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