Technical Analysis of Indian Equities by Nooresh

9450 taken over now 9750/9900 short term resistance.

Sensex Technical View :

Sensex has broken the range of 9450. This implies a possibility of testing of higher levels. As the range was around 9000-9450 we could expect a move up of 300-400 points which coincides with the resistance lines. 

Also 61% retracement comes around 9750 levels. So an upmove may see a tgt of 9750/9900. As volumes have not increased the momentum may be subdued and would find it difficult to cross 10k zones. 

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Article by Nooresh Merani

Nooresh has written 2786 articles.

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