VOLATILITY AT MAXIMUM

SENSEX : sensex witnessed heavy selling pressure in the morning session but it recovered smartly in late trades.
Still there is nothing DECISIVE so we will have to wait for any range break out happening in coming days.
We expect more volatility in next  two days as tomorrow we will have last day of settlement.
In candle stick terms yesterdays eod candle can be termed as a HANGING MAN but expect bearish ness ONLY below yesterdays low of 19306.







NIFTY : we had nifty support at 5803 and nifty recovered from 5793 and closed back above the gapped area also as one can observe NIFTY found support at the channel upper end and 21 day ema which is placed in the KELTNER BAND.
So both supports and resistances are working but IT IS EXTREMELY VOLATILE.
A close above 5945 can trigger another upmove and a close below 5793 can trigger down ward move.