Hang Seng, Dow and Sensex on their move … CRUDE 68 !!
Last Updated On: 29/03/ 2010
Sensex Technical View :
Sensex as had been indicated on last friday about a possibility of Sensex opening up to 15500, Dow Jones 9100 and Hang Seng 19k we might possibly on this upmove which may slowly inch up to target levels.
Sensex resistance levels are 14900/15500/16200. Where does it top out is a difficult question but as i always Its not Over till its Over. So continue to maintain long bias in extreme short term with trailing stoplosses to ride stock specific gains.
Continue to be long but cautious with news based /source based etc etc picks and keep strict trailing stoplosses to ride the positions as stock specific momentum may continue.
We may look into top confirmation in next 2-8 weeks as and when we start seeing distributive indications on the index and specific stocks.