Sensex (19906) we had a view of 18700 as high in 2010 and low of 13000 or below is possible by end 2010. On 09/September/2010 our 18700 levels got breached and in 6trading days Sensex has made a high of 19927. Rally in 14trading days from low of 17819 to high of 19927 which is 2100points average rise of 150 points a day should be one of the fastest after 15months of range bound market.
Final moves of any rally is violent and unpredictable and if this is a Blow-out rally then Sensex 20500 should not be crossed and if that condition holds then Our view can still hold good for the year But till 18700 on downside is not seen this would be a good trading market. But crossing 20500 then we could see the rally extending beyond 22500.
To remind we had a target of 22500 by 2011December or January 2012 and target of 45000-50000 by 2016 now if we cross 20500 then many calculation would change and we would inform accordingly. Many of targets were given few years in advance and many times we have seen our estimates breach and then coming correct. In technical’s we deal with probability and never certainty.
http://akprabhakar.blogspot.com/2010/02/excerpts-from-sunnews-interview.html Market view from 2010
http://akprabhakar.blogspot.com/2009/12/what-did-we-recommend-in-2009.html What did we recommend in 2009-A.K.Prabhakar
SUNTV -Stock in NEWS http://tinyurl.com/2658o2f Endhiran the Robot to storm worldwide with 2250 prints 1stOctober-Tamil, Telugu and Hindi
