Tuesday, September 12, 2006

Sensex drops like the WTC!


Sensex has taken a huge fall on a typical "Black Monday" trade! The bearish candle has engulfed the past ten trading sessions, implying a lot of trapped bulls. For the uptrend to continue Sensex has to make a strong close above 12000 with good volumes. 11815 is resistance zone for any upmoves. 11500 is support as of now and any breach on closing basis will bring 11000 within range. As of now avoid longs and wait for trend confirmation.

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