Nice while It Lasts

Expect a small pullback and pray for more positive news

In my previous column, I had said that, over the short term, the 12,514 bottom made by the Sensex was significant. From here, I had surmised that there were three possibilities. First, there would be a pullback of the rally that started, followed by a fresh upmove. I felt that the rally that started before the trust vote in Parliament...

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  • Not a New Bull

    It is too early to call a bottom

    In the previous issue, I had written that stock price patterns suggested an imminent downward move in the Sensex which would probably take the market to 12,400-12,200. I had also suggested that there was chance that the Sensex would rally further from here to 14,500 but that there was hardly any trigger to take it beyond that level. Well, we did have a fresh...

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  • A New Leg Down

    A down move may start soon taking the Sensex to 12,200                                                                                                             

    In the previous issue, I had mentioned that the current environment is best suited for playing the short swings. I had suggested that from now on, we would find the market moving down one day and up two days and vice versa. Or,...

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