Today the bears successfully capped the rally of five consecutive green days and stopped well short of bearish trendline. Even if it had crossed the trendline, moving up smartly would have been difficult unless the SENSEX went down and filled the gap between 14200 and 14570 therefore technically the SENSEX can see levels below 14200 before continuing the recovery and once having come back from those levels when it crosses the trendline that would signal a sustainable rally. Click on the chart to check it out.
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