The sensex and nifty are still in intermediate downtrend.The downtrend started on 13th August 2008 The levels to be crossed for a new int. uptrend are 14,673 for sensex and 4,399 for the Nifty.
Sensex closing on Friday(29.8.2008) was 14,564.53.
NSE Nifty closing on Friday was 4360.00
Longterm trend down.
the market's long-term trend will turn up if the sensex closes bavoe its last intermediate top of 15,580 made on 13th August 2008.
Sunday, August 31, 2008
Sunday, August 24, 2008
Stock prices - Intermediate Trends - India and Global
Market declined for second successive week. (14,401.49 - 22.8.2008)[8.8.2008: 15,167.82; 14.8.2008:14,724.18]
market is in intermediate downtrend. The downtrend started on 12 July 2008.
the levesls to be crossed for start of intermediate uptrend is 14,746 for sensex and 4,435 for Nifty.
Long term trend down.
Long term trend will turn up if sensex closes above its last intermediate top of 15,580, and nifty 4,650.
If the present intermediate downtrend reverses above sensex 12,514 odd for an uptred will increase.
Global:Dow will enter intermediate downtrend if it crosses 11,800.
Uptrend above 12,000.
Sensex is at the same level at it was a year ago.
Deepak Mohoni, ET, 25.8.2008
market is in intermediate downtrend. The downtrend started on 12 July 2008.
the levesls to be crossed for start of intermediate uptrend is 14,746 for sensex and 4,435 for Nifty.
Long term trend down.
Long term trend will turn up if sensex closes above its last intermediate top of 15,580, and nifty 4,650.
If the present intermediate downtrend reverses above sensex 12,514 odd for an uptred will increase.
Global:Dow will enter intermediate downtrend if it crosses 11,800.
Uptrend above 12,000.
Sensex is at the same level at it was a year ago.
Deepak Mohoni, ET, 25.8.2008
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