Technical Analysis of Indian Equities by Nooresh

Sensex – Bounce Back resistance at 18200/18550


Sensex Technical View:

In the last few days we had been waiting for a move above last days high which was done on Friday. This has been followed by a smart bounce.

Bounce backs to face resistance at 18200/18550.

Sustaining above 18200 we may consider a short term bottom in place and a retracement of the fall from 20600 to 17300.

Will update further in the week.

Article by Nooresh Merani

Nooresh has written 2808 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

{ 0 comments… add one }

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.