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A New Downward trend In Sensex How Far it Could Go An Analysis on 29 Jan 2010

From : Bisal Jain at 12:50 PM - Jan 29, 2010 ( )
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A New Downward trend In Sensex How Far it Could Go An Analysis on 29 Jan 2010

Down trends are Quick in Their Duration and They are very quick to end .

Bear market Crashes are a Different bread altogether .

This is still a downtrend upto now

First See the Chart
Sensex

16400 was the level after breaching Sensex uptrend changed into Downtrend

Now the Next Support is at 15400
2 Reasons For it
1. 15400 reason was the bottom For previous Decline in Oct 2009
2. Its is the area where 200 DMA of sensex is placed right now

200 DMA: 15372

This 15200-15400 are is now textbook boundry between Bull Markets and bear MArkets
Below 15200 are in Bear market
Above 15400 Bull market is intact

Our own analysis is that
below 16400, Do Not Buy any new Stocks
the downtrend has just started

If Somehow sensex manages to Close Above then this level
Then only Initiate Fresh longs.

Now Sensex is in very Delicate stage
technical analysis is saying that it could touch 15200-15400 range .

but Markets Do not always Follow Technical analysis

hope For Best .










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From : Bisal Jain at 12:07 PM - Feb 05, 2010 ( )


 









                                                                                                              HELLOW BROTHERS,
                                        
                                                                                                                          HOW ARE U ?                                                                                                                                                    FEEL GOOD.





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From : Jagmohan Singh at 01:15 PM - Jan 29, 2010 ( )


endorse the study, by and large...thanks for sharing





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From : Aaditya Jain at 01:08 PM - Jan 29, 2010 ( )


DOnt short anything, this is not shorting !!...if ure bullish its safer to buy calls....n infact i wud recommend buying calls but i dont play for intraday, just take positional





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From : Sim Stanley at 12:59 PM - Jan 29, 2010 ( )


aaditya then we can go short on the puts 4500 now?





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From : Aaditya Jain at 12:54 PM - Jan 29, 2010 ( )


Sir agree that 4500 is a bottom to clarify its trend status, but the fact that your stating its a downtrend , i dont agree at all with that, this can be of intermediate nature only, for it to be a secular down trend, we need to see lower tops and lower bottoms, which we havent yet, its just a consolidation or wat u call a flag stage, theres no donwtrend in question as per me...i see it at 5500-5800 levels by march -april




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