Short-term bullish, but it’s safer to exitIt was a tumultuous week of trading, to say the least. The markets were butchered on the first two trading sessions and some sense of sanity surfaced on Wednesday.
January 28, 2008
Short-term outlook to remain bullishThe Sensex’s inability to sustain at higher levels is a cause of concern. A quick and decisive move past 22000 would reinforce the long term bullish trend.
January 14, 2008
Waning momentum a cause for concernWith the results season kicking off, volatility in trading is expected.
January 7, 2008
Bearishness to prevail in medium termThe waning momentum behind the recent rally and the inability of the index to overhaul the resistance level of 20500 is a cause for concern.
December 24, 2007
No sign of an outright trend reversalThe bullish trend is yet to reassert itself and the occurrence of a bearish “Doji Star” pattern in the weekly chart does not present a bullish case either.
December 17, 2007
Caution is buzzword as momentum dipsThe price action in recent days has affirmed the bullish view expressed during the past couple of weeks. The index is on course to move to the target zone of 21,500-22,000.
December 10, 2007
Market rally is likely to gather steamThe Indian markets displayed amazing resilience amid global weakness and the sharp rally on Friday has reinforced the bullish view expressed in recent weeks.
December 3, 2007
Correction over, next leg may be under wayThe market sentiment was bearish and the weakness across global markets weighed heavily on the domestic market sentiment.
November 26, 2007
Sensex on course to scale new highsInvestors need to be stock-specific and should have a well-defined trading/investment plan in place. The Indian market is going through an extraordinary phase.
November 19, 2007
Banking, capital goods will hold the keyWeakness across global markets cast a bearish shadow on domestic market sentiment as well. Market movement was extremely choppy and the overall trend remained bearish.
November 12, 2007
Short-term trend likely to be bullishShrugging aside concerns relating to P-notes , the market continued its upward journey and scaled a new historic high on Friday.
October 29, 2007
Downtrend likely after a brief rallyThe much anticipated and required corrective phase materialised last week. Though the momentum behind the fall was quite dramatic, this was anticipated given the scorching pace .
October 22, 2007
Uptrend will resume after correctionThe increased volatility and sharp gyrations witnessed during the last week indicate that the index is in the process of establishing a short-term top
October 15, 2007
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