Sensex headed for new 52 wk high ? Just like Dow Jones,FTSE and others !
Before i start the post ------------Where are the 4400/4000 Nifty and 14k Sensex Analysts HIDING
Many of the indices around the globe have notched on to new 52 wk highs. Dow Jones /FTSE have hit new highs. Dax ,CAC Bovespa and many other indices are close to previous highs.
Sensex can also see a move beyond the previous high and may target 18000-18200 levels where the channel resistance comes in. Only sustained closing above 18200 would mean a major breakout from the channel targetting 19k also. But for now investors should look to wait for 18k levels to start booking profits.
PROFITs yes for those who have been following us know that we were of the few people who were bullish
at 16k or lower. Check archives for the month of February !!! ---
WARNING : Index may go up in coming days but Traders/Investors advised to take care with leverage !! Be disciplined and stick to quality stocks.
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