Track trends of NSE Nifty, BSE Sensex, Stocks & MCX Commodities in India

This blog is dedicated to track trends of BSE Sensex, NSE Nifty, Individual stocks and commodities traded on the Indian Stock and Commodity Exchanges. TrendCues.com endeavours to forecast the market trends using Technical Analysis tools on online price charts.

Monday, July 7, 2008



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.

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posted by TrendCues.com @ 10:49 PM  

2 Comments:

  • At September 12, 2008 4:07 PM , Blogger KnowYourProfit said...

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  • At October 29, 2008 12:24 PM , Anonymous Anonymous said...

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