9100-9250 an important barrier !
Sensex Technical View:As
we see from the chart Sensex has completed the 61% retracement and come
close to the top of the channel which has been discussed in the
previous updates. The zone of 9100-9250 becomes a very important
barrier in near term.
On further upmoves to 9100-9250 levels the index may get overbought ( as seen frm RSI chart posted
) it needs to be seen whether it stalls in this zone or gives some
confirmatory reversal signal. Only a sustained move beyond 9300 would
mean a breakout and may even create a new move to 9700 + and closer to
the upward resistance line ( orange )
TECHNICAL ANALYSIS SESSION MUMBAI --- MARCH 28-29
Interested people can call - 0981922539 Nooresh for more details. ( aftr mkt hours ).
Best Regards,
Nooresh
noorrock2002@gmail.com
http://nooreshtech.blogspot.com/
http://nooreshtech.blogspot.com/
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