Bearish triggers have been breachedThe prolonged period of indecisiveness was resolved, with the index breaching crucial bearish trigger levels.
June 9, 2008
A runaway price rally appears unlikelySensex will have to clear the resistance zone of 16900-17000 for uptrend.
June 2, 2008
Bullish forces may be losing controlA bearish trend prevailed and the market sentiment was dented by a relentless surge in the price of crude oil and attendant concerns on inflation.
May 26, 2008
The short-term trend has turned bullishThe index managed to hold above the crucial support zone at 16700 and staged a sharp reversal during the week.
May 19, 2008
Severity of recent correction a concernThe anticipated short-term correction materialised during the week. The fall during the week has pushed the index to the crucial support zone
May 12, 2008
Strong upward bias seen for the SensexAfter several weeks of ranged-in price action, the index displayed signs of breaking out of this trading zone last week.
April 21, 2008
Prudent to wait for clues on directionThe deep oversold condition that persists in the higher time-frame charts is supporting the index from hitting lower levels in the shorter time-frame.
April 14, 2008
Price action will stay choppy for a whileJust when it appeared that the index was getting into a trending phase, a bout of selling pressure pegged it back into a trading zone.
April 7, 2008
Downtrend may continue after a brief rallyThe index moved in line with expectations. A bearish trend prevailed and the anticipated test of the crucial support zone of 15300-15500 materialised during the week.
March 17, 2008
Pull-back rally may materialise this weekA bearish trend prevailed and the index moved a step closer to the support zone of 15,300-15,500 mentioned in earlier weeks.
March 10, 2008
Explosive surge in prices, volatility likelyThe overall trend remained bullish during the week except on Friday when the market closed sharply down in a reaction to the Budget proposals.
March 3, 2008
A short-term bounce is on the cardsThe trend during the last week was bearish with the index registering a 766-point fall.
February 25, 2008
Equities are unlikely to speed aheadThe markets would remain volatile and it would be imperative for traders to adhere to money and risk management tools.
February 11, 2008
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