India: Bearish Sensex View In The Balance

July 2009
Emerging Markets Monitor;7/20/2009, Vol. 15 Issue 16, p6
Country Report
The article offers an outlook for the Bombay Stock Exchange Sensitive Index (BSE Sensex) in India for 2009-2010. Sensex gained renewed traction on positive regional sentiment after closing at a low of 13,359.27. The bearish view for the index will be retained if it fails to breach the resistance level at 14,700. Meanwhile, the bearish view will be ignored if it closes above the trendline resistance.


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