|
|
|
Unblock all contents and view with updated Explorer, Adobe Flash Player, JAVA and Microsoft Silverlight in 1280 by 1024 pixels at 1 mbps+ speed with audio.
|
|
|
Loading
|
|
|
|
Why you must be the Client of iERA Corporate? Not mere Recommendation!
iERA Corporate is one of the recognized and leading Sub Brokers in India affiliated to ICICI Securities Ltd. They provide elite 3 in 1 (TRADING DEMAT SAVINGS) Account hence, NO POOL Account and NO DP In/Out Charges applied so, NO DEFAULTER. They provide Loans against Securities and unique SPOT Order & myGTC with real time Updates and Stock Tips. Must Read
|
Treat as Opportunity!
|
|
|
|
|
Share your Grievances with us!
|
SENSEX Outlook for the year 2012 by Rajib Chakraborty (Updated on 01-02-12)
Indian equity benchmarks embarked upon a strong rally from opening session of the month and continued up tick till the end. Price action resulted in a strong Bull candle for January’12 imposing solid comeback from the bullish camp. Monthly candlestick chart resembles Bullish Engulfing line pattern. Low of the pattern at 15135 remains major support for the Sensex from medium term perspective. After rallying 12% in January 2012, index is expected to cool off in February and major hurdles are projected in the range of 17,300 – 17,700 levels basis following observations: (i) During entire 2011, the Sensex has not rallied more than 2520 points. The similar magnitude of rally, in absolute terms, from December lows (15135) measures at 17650 levels. This level is expected to pose at least a short term hurdle for the index. (ii) The Sensex has approached crucial moving averages after a gap of three months. 200 day moving average (17286) and 52 week moving average (17232) are expected to trigger some volatility after breathtaking rally. (iii) 8.2% Fibonacci retracement of the entire fall during 2011 (21108-15135) is placed at 17418 levels. Only a strong close above 17700 would open up sides towards next resistance around 18200 which is 50% retracement of the 2011 fall. On the flip side, any throwback in the prices from the mentioned resistance zone can attract buying support in the range of 16600-16400 range which is 38.2% and 50% retracement of the January’12 rally. Positive: Pharma, Auto, IT, Telecom. Neutral: Banking, FMCG, Oil & Gas. Negative: Infrastructure, Capital Goods, Cement, Metals, Real estate, Shipping. SENSEX CHART
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
"Want to become a CROREPATI in style? Just invest in the multi bagger stocks and watch. We recommend FCS Software Solutions Ltd. as the multi bagger. Which one do you suggest?" iERA Corporate
|
Have suggestions to share? Log in ANALYST FORUM
|
|
|
|
|
|
|
|
|
Need more? Visit OUR SERVICES page
|
|
|
|
|
|
|
|
|
|
|
Best viewed in 1280 by 1024 pix
This site is fully designed and maintained by
Rajib Chakraborty, Founder & CEO of iERA Corporate
This is the only official site of iERA Corporate
Copyright © 2012 iERA Corporate
