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MTECHTIPS:-SENSEX
The SENSEX gave a positive opening in early trade on Thursday,and the index failed to hold on to the early gains and closed the session with losses.Index is expected to open negative as the Asian markets have all opened deep in the red and the markets are expected to remain under pressure. Sensex has made a low of 16007 the 16000 mark was not breached during yesterday’s trade. Sensex has to hold onto levels of 16100 so as to make some rally possible towards 16275 and 16400. However on the flip side if Sensex fails to cross and hold 16100 then weakness could drag he markets lower and levels like 15850-15700 would become possible.
The SENSEX gave a positive opening in early trade on Thursday,and the index failed to hold on to the early gains and closed the session with losses.Index is expected to open negative as the Asian markets have all opened deep in the red and the markets are expected to remain under pressure. Sensex has made a low of 16007 the 16000 mark was not breached during yesterday’s trade. Sensex has to hold onto levels of 16100 so as to make some rally possible towards 16275 and 16400. However on the flip side if Sensex fails to cross and hold 16100 then weakness could drag he markets lower and levels like 15850-15700 would become possible.
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