Timing on the Indian market (Sensex)
End of a 10 year even 15 year trend,
The Sensex has risen since 2004 in three distinct movements. n part this has been compensated by the fall in the currency but the move even in dollars is real. We have predicted for some time a top around now. This can coincide with the elections but is really rooted much further back in the market cycle.
We think the correction could last at least until February 2020 and should fall to the 33’000 level. However, it is possible that the correction last longer and fall further.