SENSEX : opened low but soon picked up the upside momentum.

SENSEX is fast approaching its 200 day EMA and we presume that it will have a PAUSE around 18600-18700 level and then should cross 200 day EMA with FORCE in its third attempt.

We should have a very good buying opportunity very soon again in SELECTIVE stocks.

The ROC has turned up in BUY mode for SENSEX and we should have a BUY CROSS from 5/8/13 day EMA by today.

18061 and 18014 are two strong EMA support values from where buying should emerge in any correction.

NIFTY :

We said there is lot of STRENGTH in this FRIDAY rally and we suggested buying in NIFTY once above 5490 even in our conference call and NIFTY opened around 5440 and there was a good more then 50 points gain very soon after NIFTY crossed 5490.

As shown on NIFTY chart for today in the month of January to march NIFTY crossed its 200 DAY EMA after it failed twice once again NIFTY TRIED TWICE in recent past to cross its 200 DAY EMA but failed BUT the third attempt has emerged very soon and we believe after a pause around 5600 NIFTY SHOULD  cross its 200 day EMA.

ONCE ABOVE 5605 NIFTY will have a target at 5700 WHERE the important trendline RESISTANCE is coming up.