The
sensex crossed 19500 mark last week and is currently facing
resistance
at 20000 mark. Strong move above 20000 mark can take
it
to 20200-20500 range. If this range is surpassed then 20700 to
21000
levels come into play. Inability to move past 20000 can take
The
sensex to 19450 initially. The 200 day moving average is placed
at
19363. A strong break below 19363 can
hasten the fall to 18900
level.
As long as the index stays above 17200, the long term trend
remains
up. Major support is at 18150.
If
the NIFTY is unable to surpass 5900 level then it can fall up to
5750
or 5700 level. If 5700 is breached then 5550 or 5330 is possible.
No comments :
Post a Comment