See Sensex at 17500, Nifty at 5000 soon: Daryl Guppy
August 6th, 2009
Daryl Guppy, Founder and Director at Guppytraders.com said his target for the Sensex was 17,500 and Nifty was 5000, adding that he saw good support at 15,000-15,400 for the Sensex. He said that the market would see some bit of consolidation but feels the uptrend would continue.
On the US market, Guppy said there was a strong trending behavior seen in Nasdaq and Dow and that the resistance level for the S&P was at 1060, with a support at 1000.