The Indian stock market which has exhibited side-ways fluctuation in range bound trading ever since September 2010 making bottom on 20th December 2012 in an ongoing bullish trade.
The market experts an technical analysts has since been mostly bearish giving their guidelines mostly towards lower closing expecting the market to visit to a low of March 2009 with BSE Sensex at 9500 but it has proved extremely night mare as Sensex has keep on moving between 15 to 18000 range during this period with which traders have got ample opportunity to consolidate their portfolios.
The Stock market ever since 20th December 2011 has given enough opportunity to consolidate itself giving clear signal to make higher top and higher bottom.
The BSE Sensex has now crossed at its rock resistance of 18000 giving clear signal that it is now in mood to cross all its upper resistances till it hits all time high of January 2008.
Several stocks both in blue chip and mid cap have achieved much lower prices and they all are now set to spurt significantly higher.
From:- G.S.Roongta
Senior analyst
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