(CLICK to view FULL SIZE)
Sensex closed in green marginally up by 22 points at 13972 levels with average volume of Rs 3787 cr.
A choppy session witnessed on 3rd consecutive days as Sensex opened up and slipped towards days low at 13915 levels and again managed to hit days new high at 14002 levels. At the end it managed to give positive close by 22 points.
Sensex closed in green marginally up by 22 points at 13972 levels with average volume of Rs 3787 cr.
A choppy session witnessed on 3rd consecutive days as Sensex opened up and slipped towards days low at 13915 levels and again managed to hit days new high at 14002 levels. At the end it managed to give positive close by 22 points.
Sensex has formed a Green candle which indicates the sign of pullback rally i.e. the weakness in the trend will remain as it is as long as Sensex holds below 13990 levels. The Empty bearish candle which was created on 5th of this month still has importance for bearish scenario. To nullify the importance of this candle Sensex must hold above 13990 levels for next day. 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 14040 levels then sell for the T1 of 13820 with Sl of 14080 levels.
Support 1) 13950 2) 13910 3) 13860 4) 13760
Resistance 1) 13990 2) 14040 imp 3) 14180 4) 14260 will nullify the rules of Irregular pattern.