Sensex 10169.90 -513.49 (-4.81%)
Sensex formed a double-top at 17600 first. This confirmed the downtrend. 50% downside from 17600 should take it around 8800 levels. The third top it made at 15504 was close to a double-top. So, one cannot rule out a further slide to 7750 levels. Once the downside completes, there should be a sporaidic rise in Sensex which would eventually take it closer to current levels(10000 or above).
No comments:
Post a Comment