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MTECHTIPS:- SENSEX
The SENSEX gave a flat opening on Thursday taking cues from the world markets, and the index traded in a small range throughout the trading session. The index witnessed a sharp up move in the final session, as the Sensex gained strongly. The index managed a close around day’s highs above 18800 levels.Sensex has closed higher during yesterday’s session. Today Sensex has to cross 18890 and hold 18880 on a closing basis before it breaks above the recent highs. However if 18600 is broken then some selling pressure could come in and the low of 18450, if breached then we can see correction below 18040 could be very fast. Today is Friday where INFY results, IIP data, HDFCBANK results & a weekend close, therefore expect some volatilit
The SENSEX gave a flat opening on Thursday taking cues from the world markets, and the index traded in a small range throughout the trading session. The index witnessed a sharp up move in the final session, as the Sensex gained strongly. The index managed a close around day’s highs above 18800 levels.Sensex has closed higher during yesterday’s session. Today Sensex has to cross 18890 and hold 18880 on a closing basis before it breaks above the recent highs. However if 18600 is broken then some selling pressure could come in and the low of 18450, if breached then we can see correction below 18040 could be very fast. Today is Friday where INFY results, IIP data, HDFCBANK results & a weekend close, therefore expect some volatilit
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