06 July 2009
SENSEX - OPPORTUNITIES ON EITHER SIDE
SENSEX has been making higher high and higher lows and has made a small rising triangle pattern giving a very bullish signal ahead of the union budget. The Rising Triangle Pattern is mostly a continuation pattern and on break above 14,960 it should stop only at 15,600. It has two supports at 14,600 and 14,300 on the downside. The opportunities are to go long above 14,960 or go cash below 14600 and go short below 14300 for target of 13500.
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