The Inflationist - Making Money in Stocks, Bonds, Forex, Commodities, Agriculture

Sign In

Subscribe

Subscribe to The Inflationist


Sep 08
Wednesday
Stocks

India SENSEX 10% Upside to go!

India at 31 Month High - no major resistance from here to 2007 highs. Double Peak here we come!

An article from http://profit.ndtv.com:

Daryl Guppy of gyppytraders.com said that “the Sensex might touch 19,500 level and pull backs to 17,500 level should be used as a buying opportunity”.

Capital goods index saw a gain of 1.29 per cent. L&T rose 2.33 per cent. IT stocks advanced 0.99 per cent (TCS closed 1.89 per cent higher). Metals extended their rally for a second day rising 0.81 per cent. Jindal Steel led the (Sensex) metals pack advancing 1.67 per cent.

Thats another 10% upside. Regardless of world markets coming down, India continues to defy gravity. Let’s see how long they can keep up the charade. Order to short if India opens up!

Post Tags: ,


Post a Comment



All content and source © 2008 The Inflationist - Making Money in Stocks, Bonds, Forex, Commodities, Agriculture | News Plus wordpress theme brought to you by Zidalgo.