monday BSE

Hi Friends UNLIKE the world market we may fall today to 17050 bcoz there is room left for a fall and the 200 dma is arround 17020 if it is not supported we will fall deep 16457 ,15332 and more. if it is trading above 17300 for an hour then we have a chance to cross 17500 and a prebudjet rally is expected up to 18000 this week Not a prediction just a probability Last week we find many false signs and finally we reached near the bottom trend line of the symmetrical triangle. It may rebound after touching the bottom line to 18 k level. But the present sentiment doesn't support this discernment. We aren't sure how it will resolve the issue.Predicting the direction of market is difficult here. who care weather it goes this way or the other. But when our money is put on bet ,then it is a real apprehension. The targets are only a probability based on recent accomplishments, global market cues, the moving patterns like channels, trnd lines so on. But what is the present events and how it will evolve when the news pull in up to the investors.My opinion the market in going to face a break down. Negative… the inflation data not in favorNegative….the GDP growth data not in favorNegative….the foretell rate cut not going to favorNegative…. the oil price hike is a concern.What we read from this now? market may fall in to a deep well. Then the investors absorband we may see a good resurrection based on a market friendly budget expectation from tuesday. The false signs last week Comments