sensex last week and next week

The short-term tendency is down since the recent peak of 15,940. The downward setback from 15,545 last week reinforces the negative short-term view as does the 10-day ROC’s decline in to the negative zone. We maintain a neutral medium-term view with the possibility of a move between 13,000 and 16,000 for a few more weeks.

Decline below 14,244 will make the Sensex head towards the medium-term support zone between 13,000 and 13,200. Long-term investors however need not worry unless there is a weekly close below 13,000.

The week ahead promises to be uneven. The Sensex can decline to 14,741 or 14,244 in the near-term. Short-term investors can hold their long positions as long the index holds above the second support. The short-term trend will turn positive if there is a close above 15,600 in the early part of the week. Upward target would be 16,002, 16,179 and 16,421

why this downtrend happened in indian market?

1.Crude oil prices hit the record high and went upto $147.

2.US recession and Economy

3.INR vs $

4.Trust vote against UPA Government
Because of these four things Indian Stock Market was in downtrend continuously.US Recession is one of the major factor because most of the FII's started selling their whole position's to balance their losses happend in US,Due to heavy selling market went down automatically.while this is happening the domestic peoples also started selling because of panic.nowadays some of the FII's are there in indian stock market.but domestic big peoples are not playing in indian stock market.this is what the main reason for downtrend in indian stock market.