Indian stocks are undergoing a rather turbulent December with Sensex closing 800 points higher in one week and tumbling 450 points lower next week. The cut is even more deeper in BSE mid and small cap indices. The small-cap index can decline a little further and come to halt around 8000.
Sensex could not move above the resistance at 20,280 thus reiterating the negative bias in the short-term. Immediate targets of the current down-move are 18,954 and 18,886. Since these supports occur around the key medium term support zone around 19,000, investors can stay sanguine as long as the index does not record a strong close below 18,880.
Resilience at these levels will maintain a positive medium-term bias for the index and will retain the possibility of sideways move between 19,000 and 21,500 for few more weeks before an upward break-out to 23,031 or 24,098.
Hey Visitors,
ReplyDeleteIts really nice blog. Would like to add that Share market is very volatile now a days. Apart from regular traders and investors FII are also there. FII and other investment houses are big fish who can easily eat up smaller fishes. Here fishes refer to normal traders and investors .
Now the question is how to avoid losses? Well answer looks simple by timing market, by following certain strategies, by keeping eye on happenings and with the help of technical research.. But Is it as simple as to mention here?
Profitable trading requires lot of things. One has to master in many fields. Everyone can’t earn from speculation one has to trust on technical analysis for regular profit. One should remember Learn and earn is the funda of the stock market trading.
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SHARETIPSINFO TEAM
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