SENSEX: in a small range now SENSEX is facing some RESISTANCE
in the ZONE OF CAUTION but no significant REVERSAL PATTERN as yet
The price STRUCTURE on WEEKLY CHART of SENSEX has two clear
and significantly opposite possibilities one of a larger DISTRIBUTION and the
second is DISTRIBUTION after the 2011 crash
Not possible to understand which way it will go
A small correction would be welcome and if it remains SLOW
one more bounce will come
18284 is very critical low to define how the correction is
NIFTY: 5635-5740 is the zone of levels where one should be careful
in longs
One must wait for CORRECTION which should not be fast and
severe and if such a correction comes and remains slow one can again enter long
5525 is the LOW to be watched as a support in a few days to
come
5448 is the level which will give support if NIFTY corrects
that much
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