Posts
MTECHTIPS:-SENSEX
The SENSEX gave a gap down opening in early trade on Monday, and the index gained gradually from its intraday lows to close with small gains for the day. The index after a weak opening witnessed some buying interest for the day.The index intraday is expected to open negative taking cues from the mixed Asian markets. Sensex opened gap down yesterday and cut its losses during mid day trade and managed to slip into the green following positive news on GAAR. Sensex has to hold onto 16980 in order to capitalize on the pullback that it had in the last trading session and move towards 17200. However, if Sensex fails to cling on to 16900 levels then 16650 -16600 levels would be possible soon. The gap down caused due to the island reversal caused 22 trading sessions ago is still not filled which is posing threat of another breakdown towards 16600 levels.
The SENSEX gave a gap down opening in early trade on Monday, and the index gained gradually from its intraday lows to close with small gains for the day. The index after a weak opening witnessed some buying interest for the day.The index intraday is expected to open negative taking cues from the mixed Asian markets. Sensex opened gap down yesterday and cut its losses during mid day trade and managed to slip into the green following positive news on GAAR. Sensex has to hold onto 16980 in order to capitalize on the pullback that it had in the last trading session and move towards 17200. However, if Sensex fails to cling on to 16900 levels then 16650 -16600 levels would be possible soon. The gap down caused due to the island reversal caused 22 trading sessions ago is still not filled which is posing threat of another breakdown towards 16600 levels.
No comments:
Post a Comment