Global markets have been subjected to unpredictable events in the past one month. Do the technicals suggest that the worst has been priced in? Well, Philip Roth chief technical analyst at Miller Tabak believes so. Though he doesn't see a big sustained move without preparation but a slight new high is possible according to him.
"Resistance for S&P 500 is seen at 1,330-1,340. For the Dow industrial average has resistance between 12,300 and 12,400. I think both these resistance areas can be bettered by a bit by maybe 3-5% but I think we should view this cyclical bull market as in the very mature stages," he told CNBC-TV18 in an exclusive interview. The commodity outlook Extremely positive on the metal space, Roth said though he doesnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
