Krystal Ball - 28th April 2001.

Dear Readers, Please read the disclaimer first at the end of the section.

We updated our studies on the BSE sensex and some popular tech stocks.The tech stocks uniformly show Elliot patterns that indicate some more downswing.Perhaps a fifth wave within a higher wave degree is about to unfold. So it appears the time is not yet ripe for entering the market. The BSE Sensex is poised to seek support from the channel line. Many important lines seem to converge within the circle marked in red. Look for the Sensex to move well into that circle to find shelter. Depending on the slope of the line the index could well go below the 3000 point marker. Earlier updates spelt out Fibonacci target levels. Watch out for those levels and avoid getting trapped.

Look out for our ensuing updates for probable market turning dates.

BSE  Sensex  Chart.

Infosys-Weekly-27th-april

In the ensuing months we expect InfoSys to move towards the 1500 point marker.

Infosys-daily-27th-april.

Infosys's  immediate target could be 2500 points.

I

Himachal-Daily-27th-april

Himachal Futuristic is set to re-test the previous lows near 77 points.

Global Tele-27th-april.

Global Tele may re-test the 103 points level.

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