Bear romp may push Sensex to 9000With corporate results coming up, stage may soon be set for the next major move.
September 29, 2008
Worst may be over for the marketsThe turn of events over the past few days was dramatic to say the least. A few top-rung investment banks went bust
September 22, 2008
Trend’s southward in the near termThe trend remained bearish as anticipated last week. The index once again edged past the trigger level of 15106 and failed to sustain above it
September 15, 2008
Ready the shorts as Sensex rides downThe price action was in line with expectations and the uptrend reversed direction just above the 14750-14850 mentioned last week.
September 7, 2008
No saying Friday’s rally will sustainAfter remaining under pressure for the best part of the week, the index staged a sharp recovery on Friday.
September 1, 2008
Signs of some short-term strength The market action was in line with expectations and a bearish trend prevailed last week.
August 25, 2008
Ranged action may have downward biasThe possibility of a rally to 15500-15700 is still intact and remains the favoured view. The rally to this target zone may get protracted owing to the extension of the corrective process.
August 18, 2008
Short-term outlook remains bullishThe market action was bullish and the index moved pretty close to the target zone of 15500-15700 mentioned last week.
August 11, 2008
Sensex seen cruising towards 15700Price action was in line with expectations and the trend turned bullish after a brief corrective phase. The index dropped to the support zone of 13600-13700
August 4, 2008
Sensex could head for 15500-15700A series of positive developments imparted a sharp upward spike in key market indices last week. In the process, the crucial positive trigger level of 14650 was taken out.
July 28, 2008
Still early to say the bottom’s madeAfter touching a low of 12514, the trend turned distinctly bullish over the last two trading sessions.
July 21, 2008
Ranged action with upward bias likelyThe index moved in line with expectations and the trend turned bearish after a brief corrective rally.
July 14, 2008
Sensex nearing a short-term bottomA bearish trend prevailed as anticipated last week and the index took a huge knock. The weakness has pushed the index to the key support zone of 13600-13800 mentioned in earlier weeks.
June 30, 2008
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