Hello friends,
During this year 2010, sensex took off from approx 17500 and reached a new high and still look bullish in long run. It was a good year overall but now it remains range bound and we all eagerly wait to see it breaking upper range and soar high. Current range is roughly , we can say, 19000-21100. In the new year 2011, it can either consolidate or try to reach 25000. There is less probability of market declining or crashing. Metals , especially silver will shine in the coming year. Realty look weak. IT, Auto, Healthcare is the best sectors for long term investments.
For trading, the market is rising but is trading in overbought zone and may give some correction but, as said earlier, it will stay in the range of 19000 and 21000.
Wish you all a happy and profitable new year 2011.
Jagruti.
About Me
- Jagruti Fadia
- Mumbai, Maharashtra, India
- Besides being a CHARTERED ACCOUNTANT from Institute of Chartered Accountants of India,SAP certified consultant(FICO) and A Director in an advertising Company,I am a BSE certified stock analyst(technical) and I trade regularly on Bombay stock exchange.Do you like to have some free reliable stock trading tips ??? Visit my blog daily and follow my research.
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