In your interest.
Online Personal Finance Magazine
No beating about the bush.
I have maintained that the Sensex might bottom out close to 6,200. There have been major peaks in the years 2000 and 2004 and a great decline in 2005. The 161.8% Fibonacci retracement level of the fall from the 1992 peak of 4,546 to the 1993 trough of 1,980 is at 6,133. This has acted as critical support/resistance during the entire bull run and in the subsequent downtrend as well. Therefore,...