Rex Cano

Sensex resistance seen at 18,900

The bias for the Sensex is likely to remain bearish as long as the index sustains below 18,900-odd levels. On the downside, the index could slide to 17,300-odd levels

Crucial trading week ahead

The BSE benchmark index is yet to give any indication on the monthly Fibonacci charts.

Nifty likely to face resistance above 5,925

Since we are at the start of the month and the quarter, we shall look at the broader picture for the markets.

Sensex seems headed towards 17,800 level

For this quarter, the yearly and quarterly charts indicate strong support for the Sensex.

Let markets find their own bottom

The Sensex recorded its second-worst fall since January this year and the biggest single-day percentage fall of 11 per cent in the last 16 years. It has been an October that can be best forgotten. In the last three weeks, the Sensex has shed a third of its value.

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