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Market Outlook 2007: What the charts foretell

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SI TEAM Mumbai
Last Updated : Jan 20 2013 | 7:08 PM IST
A panel of technical analysts forecast how markets will behave this year.
 
 YEAR OF THE BULL

Milind Karandikar
Neowave Analyst

2006 was a good year for stock market investors, with key indices shattering several psychological barriers. Will 2007 be similar? In this article, The Smart Investor gets four technical analysts to predict what the markets will do this year.
 
While one of them is a gung-ho bull, the other three advise investors to tread cautiously. In terms of stocks, there seems to be a bias towards mid- and small-caps, and sectors that have not participated in the rally last year.
 
In my previous article in The Smart Investor dated October 23, 2006, I had mentioned that many investors were experiencing a fear of heights in the current bull run in the Indian stock markets. That same nervousness continues to prevail with the markets scaling new peaks.
 
This indicates that our markets are nowhere close to any major top. Those who have missed the boat have been expecting a sharp correction since long. But the market is supreme and doesn

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First Published: Jan 08 2007 | 12:55 AM IST

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