Sensex Targets 12000 in a downward channel
Sensex moves in a downward channel targeting the support at 12000. The middle line of the channel acts as a strong resistance around 14000. This downward movement is in line with our earlier post forecasting the bearish trend for July 2008. In the previous post the target was fixed at 12245 for the ongoing bearish trend. Now it is not too far to reach as the market loses steam day by day. Market outlook for Sensex is very weak and it is expected to test support at 12000 within few trading sessions from now.
Labels: bse-index, market-outlook, sensex-forecast


7 Comments:
At September 12, 2008 4:07 PM ,
KnowYourProfit said...
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Now as such the final stages of the formal completion of nuclear deal has come,so we can expect some positive news effecting the
movement of the INDIAN STOCK MARKET which means stocks coming in power sector will take new direction
Companies which will benefited includes mainly
1.Larsen n Tourbo(LT)
2.Hindustan Construction Co. Ltd(HCC)
and the list had few more names..
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At October 29, 2008 12:24 PM ,
Anonymous said...
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At February 27, 2009 4:15 PM ,
sharetipsinfo said...
In the time of recession one job or one work is hardly fulfilling needs of people. So everyone is looking for supplementary source of income.
Now the question is what can be that source of income in such a bad phase of economy??
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We strongly suggest that if you like to take bit of risk and don’t want to spend too much money and time on new venture then stock market is the right place for you.
To be very frank this is not the right time for investment that is for long term to medium term investment but every day is a favourable day for day trading. No matter if NSE or BSE
is bullish or bearish as In stock market one can earn in both of these trends.
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At February 27, 2009 4:15 PM ,
sharetipsinfo said...
In the time of recession one job or one work is hardly fulfilling needs of people. So everyone is looking for supplementary source of income.
Now the question is what can be that source of income in such a bad phase of economy??
Well it’s very difficult to start new business at this point of time as it requires lot of cash and efforts. So again question is how to make more money in such conditions when needs are same and income is low?
We strongly suggest that if you like to take bit of risk and don’t want to spend too much money and time on new venture then stock market is the right place for you.
To be very frank this is not the right time for investment that is for long term to medium term investment but every day is a favourable day for day trading. No matter if NSE or BSE
is bullish or bearish as In stock market one can earn in both of these trends.
So just think about it and see if stock market can be the right place to make some extra money.
Please feel free to contact us for any query.
Regards
SHARETIPSINFO TEAM
At February 27, 2009 4:15 PM ,
sharetipsinfo said...
In the time of recession one job or one work is hardly fulfilling needs of people. So everyone is looking for supplementary source of income.
Now the question is what can be that source of income in such a bad phase of economy??
Well it’s very difficult to start new business at this point of time as it requires lot of cash and efforts. So again question is how to make more money in such conditions when needs are same and income is low?
We strongly suggest that if you like to take bit of risk and don’t want to spend too much money and time on new venture then stock market is the right place for you.
To be very frank this is not the right time for investment that is for long term to medium term investment but every day is a favourable day for day trading. No matter if NSE or BSE
is bullish or bearish as In stock market one can earn in both of these trends.
So just think about it and see if stock market can be the right place to make some extra money.
Please feel free to contact us for any query.
Regards
SHARETIPSINFO TEAM
At February 27, 2009 4:15 PM ,
sharetipsinfo said...
In the time of recession one job or one work is hardly fulfilling needs of people. So everyone is looking for supplementary source of income.
Now the question is what can be that source of income in such a bad phase of economy??
Well it’s very difficult to start new business at this point of time as it requires lot of cash and efforts. So again question is how to make more money in such conditions when needs are same and income is low?
We strongly suggest that if you like to take bit of risk and don’t want to spend too much money and time on new venture then stock market is the right place for you.
To be very frank this is not the right time for investment that is for long term to medium term investment but every day is a favourable day for day trading. No matter if NSE or BSE
is bullish or bearish as In stock market one can earn in both of these trends.
So just think about it and see if stock market can be the right place to make some extra money.
Please feel free to contact us for any query.
Regards
SHARETIPSINFO TEAM
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