Strong case for a significant correctionWhile the market participants were digesting the fact that the index had overhauled the 16,000 mark, the influx of liquidity took the index past 17,000.
October 1, 2007
A short-term correction is overdueThe medium trend is bullish. A move to the next major target-cum-resistance zone of 16,800-17,000 is expected.
September 10, 2007
Short-term correction round the cornerA distinctly bullish trend prevailed in the last week and the index made an emphatic statement of intent by clearing crucial trigger levels at 14700.
September 3, 2007
Late rally more of a corrective bounceThe index has to move past the major resistance zone at 15,100 before concluding the resumption of the long-term uptrend.
August 27, 2007
A larger correction is on the cardsThe weakness across global markets took a toll on domestic market. The index dropped 5% last week and breached the crucial support level of 14,500-14,550
August 20, 2007
Wait for the price action to unfoldWhile the global sell-off did have an impact on domestic market, it is positive to notice that the crucial support at 14,500 was not breached.
August 13, 2007
No sign of an end to the correction, yetThe price action during the week was marked by the continuation of the corrective phase and there are no signs of completion of this trend, yet.
August 6, 2007
|
ReportsOur columnists
Contributors
|
|
||||||