MTECHTIPS:-SENSEX
The SENSEX gave a flat opening in early trade yesterday, but the index traded in a very small range and finally gained in the final hours on strong global support. The index continued the upswing
and managed to close strongly above the key resistance of 17400 levels.The index intraday is expected to open negative taking cues from the weak Asian markets. Sensex has failed to close the gap formed during the island reversal at 17570, for the second consecutive day, Keeping the negative island reversal intact. Now if levels of 17460 are not held by Sensex then we could see levels of 17280 in the near future. Sensex has been observed to be moving only within a particular range for quite a few sessions. Newer levels can be seen if there is a breakout on either side in the Sensex.
The SENSEX gave a flat opening in early trade yesterday, but the index traded in a very small range and finally gained in the final hours on strong global support. The index continued the upswing
and managed to close strongly above the key resistance of 17400 levels.The index intraday is expected to open negative taking cues from the weak Asian markets. Sensex has failed to close the gap formed during the island reversal at 17570, for the second consecutive day, Keeping the negative island reversal intact. Now if levels of 17460 are not held by Sensex then we could see levels of 17280 in the near future. Sensex has been observed to be moving only within a particular range for quite a few sessions. Newer levels can be seen if there is a breakout on either side in the Sensex.
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