22 June 2009

BULL'S EYE SENSEX TECHNICAL OUTLOOK JUNE 09



SENSEX has been showing weakness after reaching resistance around 15580 and is very volatile with negative bias in short term.
There are two ways to trade this market.
1 Go long around support zone and keep strict stop loss. But this does not guarantee upmove and one does not know when the market will pick up momentum.
2. A safer way is to enter long once the SENSEX breaks the resistance and look for the next higher target. This is not only safer but there is fair degree of certainty and lesser time horizon

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