SENSEX TECHNICAL VIEW :
As i have been mentioning for quite some time Sensex could look towards 18k as a resistance band. Till we dont close over 18400 it wont be a breakout.
I would continue to stick to the adage of reducing or avoiding leverage at the appropriate time. 18k is an are where one should avoid leverage in Futures/Options and be hedged atleast. Generally midcaps/small caps move in this period.
Just yesterday had mentioned about Small caps to start moving. The chart of small cap index would make it clear !!! β¦. So start focusing on quality midcaps/smallcaps with strict stoploss.
Nooresh