About Me

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Mumbai, Maharashtra, India
Focusing on Treasury-Forex, Commodities, Trade Finance,Equity and International Stock Indices.I have been in Treasury and Forex since 1995.

Thursday, May 14, 2009

Sensex View


Sensex currently at 11872.

I take a bearish stance on Sensex. Major target being 5000 within 8 to 10 Months.

Immediate resistances at 12840 . This bearish view will be aborted only if 18000 resistance is convincingly broken

Strategic stance: Sell on rallies