Sensex and Nifty near targets., as i said 2 days back, that if 4910 is not breached and markets remains above this levels for 2-3 days, the upward journey will resume, the other day nifty came upto 4929..and today it crossed all hurdles of past few days and closed at this years highs.
As i had posted some charts showing INITIAL weakness in leaders of the current rally...auto and it stocks,,heres the sensex chart, a weekly one which suggests a RISING WEDGE on weekly charts.
Readers must understand, that a break of support line of the wedge, is only the confirmation of the PATTERN and not THE PATTERN ALONE.
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