Resistance being witnessed
around the earlier peak.
If the Sensex can manage to
sustain above the peak
with bullish candle then
expect a rise towards 1.618
fibonnaci retracement of the fall
from 52472 to 47285.
Support of 51700 critical.
Failure to sustain above 51700 can
once again lead to minor
correction and sideways volatility.
As long as 51700 is not violated the current
trading can manage to be up.
around the earlier peak.
If the Sensex can manage to
sustain above the peak
with bullish candle then
expect a rise towards 1.618
fibonnaci retracement of the fall
from 52472 to 47285.
Support of 51700 critical.
Failure to sustain above 51700 can
once again lead to minor
correction and sideways volatility.
As long as 51700 is not violated the current
trading can manage to be up.