Dalal Street Investments
Top

BSE Sensex Technial Charts

January 23, 2008

We have extracted charts of BSE-SENSEX. The charts below indicate that we are at support based on SEMI-LOG trendline, 50DEMA and fibonacci 61.8 retracement. Investors must consider 16,200 as a support. Close below 16200-16000 will indicate weakness.

SENSEX / Nifty Valuations: In one of my recent posts I had contradicted with Citigroup’s opinion about Citigroup’s SENSEX targets and you saw the results. At current levels the valuations look attractive; Markets are trading around 16.2 times one-year forward earnings. A great opportunity for medium and long-term investors.

Find charts attached below, charts can be enlarged and seen
Sensex Technical analysis 50 EMA

Sensex Technical analysis Fibonacci

Sensex Technical analysis trendline

Comments

Got something to say?






Bottom