SENSEX:SENSEX is near
a RESISTANCE level but the uptrend has strength as per WEEKLY CHART still
SENSEX must close above 18003 and especially a weekly close above 18003 will
surely favour bulls so watch this level.
On the downside a low
of 17494 is new crucial TREND DECIDER level for SENSEX for this up move.
We had predicted the
down move correction to come in a ZIGZAG wave and it has unfolded exactly in
that way also SENSEX has bounced strong from our supports only.
NIFTY : PRICE MOVING
BACK ABOVE 8 AND 13 DAY EMA BAND,BUT,WATCH 5460 BECAUSE FOR UPTREND TO CONTINUE
NIFTY MUST CLOSE ABOVE 5460
We had clearly
projected a TARGET of 5208-5196 when NIFTY was around 5360 and we also said
that from the zone of 5196-5208 there will be a STRONG bounce back our target
of 5455 will be reached today
And a close above
5460 is crucial.
If NIFTY moves STRONG above
5460 it will touch 5531 and 5640 again
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