Saturday, September 12, 2009

Fwd: SENSEX AS ON 11.09.09

refer last week market status message
 
 
as mentioned we saw good moves in bank shares and we can see further upmove in bank shares.
 
we have reached at upper boundary of consolidating triangle and we will move by 2000 points in sensex in breaking direction.
 
immediate support for sensex is at 15793 at gap area as well as on trendline running from march lows.break of 15793 on closing basis will end the rallly.on closing decisively above 16600 we can see break out in upward direction.-ve divergence in rsi, macd and momentum is still there.
 
next week may be deciding week for direction.




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