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BSE Sensex 17166.62 -1.34 -0.01%
NIFTY (S&P CNX) 5137.00 3.60 0.07%
India VIX 19.73 -0.41 -2.04%
Fri, Mar 12, 2010 04:02PM IST
India Markets Closed.
Link in BSE & Sensex
BSE Sensex Index Chart Pattern - Feb 05, '10
 

Last week, I had mentioned the importance of the 16000 level in the BSE Sensex index chart pattern. For the first four days of the week, the bulls managed to stave off the marauding bears and stoutly defended the 16000 level.

Friday's strong selling by the FIIs, despite equally strong buying by the DIIs, finally broke the support of 16000.

 

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