SENSEX:a small CORRECTION as expected in SENSEX.
If one recalls my TECH VIEW a few days back I wrote that
ideal situation would be a BREAK ABOVE 17120 then a mild correction would be
better entry for longs
17371 is a good support for the day and SENSEX should reach
17667-17684 first and looking at two previous HIGHS there some profit booking
may come around there.
NIFTY:for today NIFTY has support at 5263 and then at 5239
caution is advised for very short term if NIFTY closes below 5239
On the up side 5378-5384 are two levels to watch for some
profit booking
5442 is next NIFTY target in coming days.
We will see some consolidation at higher levels looking at
the overbought STOCHASTICS on WEEKLY chart.
1 comment:
Sir!
Very clear cut analysis.
Thanx & regards,
Mukesh Singh
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