WHAT WE SEE ABOVE IS A CONTINUOUS LOWER TOPS LOWER BOTTOMS BEING FORMED ON SENSEX CHART. THE TREND WILL CHANGE, ONLY IF, SENSEX CAN RISE TO 16200 OR HIGHER, AS IT WILL MEAN RISING ABOVE 200DEMA.
WE BELIEVE, THE FALL WILL NOT BE OF A HIGHER MAGNITUDE TO BREAK BELOW THE RECENT LOW OF 12514.
SO, THAT MEANS, MARKETS WILL LANGUISH AND TRY TO CONSOLIDATE BETWEEN 15500 TO 13500 BEFORE IT CAN MAKE A STRONG BULLISH MOVE TO CHALLENGE 17700.
KEEP LOOKING FOR OPPORTUNITIES TO BUY INTO FUNDAMENTALLY SOUND STOCKS AROUND SUPPORT LEVELS.
BYE N REGARDS,
N. S. FIDAI
ANALYSE INDIA
..............COME, LOOK INTO THE FUTURE!!
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