Stock market india What to expect till Budget 2010?
Bombay stock exchange index Sensex is Currently on a weak wicket now.
BSE shares are currently in downwards trend.
Never Ever think that a miracle can happen and we can buck World market Trends.
Bombay stock exchange trading patterns are bound to Follow World market trading patterns and all the World markets are on Same boat .
And Now the Soothing part,World markets are oversold in Short term and expect bounce back Soon.
This bounce bank in Sensex has very tough levels to break .
Laxman Rekha between bulls And bears in Sensex is now at 16490 Which is Quite High From 15915.
Do not Buy stocks Below this level .
Still Expect bounce back Soon
And there is Strong Support in 15400-15600 Levels
Nifty
Nifty today Closed at 4757.25 Which is nearly 150 Points Lower than bull bear Division Level of 4905.
Nifty EOD Chart
Nifty is having Strong Support in 4400-4600 region.
Below 4900 Do not get bullish .
We Expect bounce back in 2-3 trading Sessions,If it Does not happen Watch reaction of Nifty at Support Levels .
Budget Month normally means volatile Sessions.
So the likely range of nifty is Quite large now
Expect 4450-5100 Levels in Nifty
4450 in Worst Case
5100 in best Case
otherwise Likely range is 4675-4950
nifty is Expected to take Some rest in these levels
Then the World Markets will decide Whether we are heading to 5500 or 4000
hi thanks to all of u