Further retracement may be upto 62% 19074,
or the move up can be to 19883 20117 20397 20495
and its worth keeping an eye on it for a decline in market trend, though market is yet to reach the euphoric stage during Diwali highs.
Nov 25, 2010
Sensex Fibonacci Retracement Levels
Sensex has retraced upto 50% of the rise to 21108, the 19464 level closing at 19459
Further retracement may be upto 62% 19074,
or the move up can be to 19883 20117 20397 20495
The MSCI Ind Ix ETN [blue line in chart below] is falling steadily, in correlation with Sensex [red line in chart below]
and the FII are Nett in Sell mode.
The BSE smallcap index seem peaking out, in comparision to Largecap, from Diwali.
and its worth keeping an eye on it for a decline in market trend, though market is yet to reach the euphoric stage during Diwali highs.
Further retracement may be upto 62% 19074,
or the move up can be to 19883 20117 20397 20495
and its worth keeping an eye on it for a decline in market trend, though market is yet to reach the euphoric stage during Diwali highs.
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1 comment:
Hi Sri,
please add your notes to this post [edit the post and add notes],
especially in relation to FII investment, MSCN ETN.
regards
mok
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