For sensex the 18350 level is attracting huge selling pressure as we have seen in last few days so now onwards a close above 18463 will make this short side traders to rush and cover their shorts so the close above 18463 on either today or Monday is an event to watch.
On the down side yesterdays close at 18126 is very very near to our support at 18050 and to open further down side sensex need to close below 18050 and then to confirm bearishness it has to close below 17920.also watch macd on sensex chart because if sensex can not move up now it will give a sell call.
Nifty:
5531 proves to be a strong hurdle as in sensex a close or sustained move above 5531 for 10-15 minutes will spurt nifty to 5567-5609 very fast.
5442 is yet to get broken in yesterdays afternoon selling nifty went down to 5435 but closed at 5446 just four points above our critical level.
In nifty the range has now been NARROWED down to nearly 100 points.
Watch 5373 and 5531 on closing basis.
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