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Indian Indices enter intermediate downtrend

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  #1  
Old 16th April 2005, 10:22 AM
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Default Indian Indices enter intermediate downtrend

Indian Indices enter intermediate downtrend

With the major Indian indices closing below their previous intermediate corrective lows I see the Indian markets entering a NEW DOWNTREND.

See attached charts:

NSE NIFTY

BSE SENSEX
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Old 16th April 2005, 12:59 PM
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Default Re: Indian Indices enter intermediate downtrend

True. approaching 100DMA. Wonder if it also meets the fibonacci criteria of 2-3rds fall?
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Old 16th April 2005, 01:28 PM
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Default Re: Indian Indices enter intermediate downtrend

nifty and sensex can find support at 1900 and 6000 respectively.

Mohan
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