Monday, May 18, 2009

Sensex outlook - may 2009

Sensex is poised to touch 14500 in this stable election result rally. Nifty might move in a broad range of 3600 to 4500 in near future. Disinvestment, budget, reforms might decide the short term movement.

Any worsening of world economy, markets might catch up with us post our budget presentation as I dont believe in de-coupling of sensex from world trend.

Investors should book take profits at 4500 nifty levels.

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