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Sensex closed in green ( as compared with yesterdays close ) marginally up by 11 points at 13949 levels with decent volume of Rs 4541 cr.
It was choppy session as Sensex opened with upside gap but failed to sustain above important 13990 levels and made a new low of 13847 levels as compared with yesterday.
Sensex has formed a Empty ( Bearish ) candle on 2nd consecutive days which indicates that the weakness in the trend will remain as it is. The Empty bearish candle which was created on 5th of this months still has importance for bearish scenario. To nuliffy the importance of this candle Sensex must hold above 13990 levels for next 2 days. If it does then 14180 level could be seen or else correction could be witness to 13760 or more.
Daily strategy : - If opens up and hold below 14030 levels then sell for the T1 of 13820 for the second half with Sl of 143940 levels.
Support 1) 13900 2) 13840 3) 13720 4) 13660
Resistance 1) 13990 2) 14040 imp 3) 14180 4) 14260