Tuesday, July 14, 2009

SENSEX AS ON 14.07.09

based on rsi trendline support i had discussed yesterday and with help of +ve global markets we have seen good upmove in our markets.since we are correcting with Head n Shoulder pattern this upmove can be strongly resisted at neck line whenever we reach there in coming days.
 
more over we have seen break out from a falling wedge today as shown in chart and this give target of apprx 14400.
 
this upmove can be used for trading only with strict stop losses.