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Wednesday, December 06, 2006

Tech View: Dec 6 2006



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Sensex closed in green ( as compared with yesterdays close ) up by 63 points at 13937 levels with decent volume of Rs 4748 cr.


Sensex has formed a Empty ( Bearish ) candle which indicates weakness in the trend. It seems to be a profit booking on higher levels on 2nd day of the session as Sensex opened with hudge upside gap and closed up only by 63 points by forming a Empty candle. To nuliffy the importance of candle this candle Sensex must hold above 13990 levels. If it does then 14180 level could be seen or else correction could be witness to 13760 level.


Daily strategy : - If opens up and hold below 14030 levels then sell for the T1 of 13820 for the second half.
With Sl of 13940 levels.
Support 1) 13830 2) 13780 3) 13720 4) 13660

Resistance 1) 13990 2) 14040 imp 3) 14180 4) 14260