With respect to previous blog on market in mid Jan-11 market did slide. It has taken a support at 17463 closing basis (or 17295 intraday low) in the month of Feb-11. It has moved up to 19800 in Apr-11.
Past
Trouble begin in earlier May-11 . Market has reacted almost 100% from feb-apr-11 rally. Technically this was not a good sign.
Present
Lots of dullness was seen in market subsequently. Market has given clear downside breakout in early Aug-11
Future
Market will likely have a notable fall in coming time. With the reverse stop loss at 18000, probable next support range for sensex 14500-13000 & nifty 4400-4000
Disclaimer:
Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed on this
Disclaimer:
Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed on this
