« Sensex, Nifty now almost flat for 2007
Bangalore Real Estate: Yet Another Price/Rent ratio of 5 »

Sensex 30: Is the bottom in at the 200-dma?

After a rapid bounce back in the US on Thursday & in India on Friday, investors got another gift - a discount rate cut by the US Fed on Friday morning. This helped the US - and European - indices climb another 2%. Back home, the Sensex & Nifty tested the 200-day moving averages:

Sensex to mark bottom at 200-dma, again?

Since 2006, we have seen the 200ma mark a bottom in the Sensex. With all the bargain buying yesterday, did we just see the bottom for this phase?

This entry was posted on Saturday, August 18th, 2007 at 7:26 am and is filed under sensex. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Related Posts:

  • BSE Sensex at 14,600: So what?
  • Sensex, where to next?
  • Never on a Friday
  • BSE Sensex 30 and the 200-dma
  • BSE Sensex: Eyeing 14k again?
    •

    2 Responses to “Sensex 30: Is the bottom in at the 200-dma?”

    1. Renie Says:
      August 18th, 2007 at 8:26 pm

      Hi, please add your blog to our new directory of Indian Blogs, thanks!

      http://www.indiblogger.in

    2. Rushh Says:
      August 18th, 2007 at 9:14 pm

      I think this could be the bottom for atleast a few weeks, and maybe a couple of months to come.

      We should see sensex at 16k by year end i suppose!