MONDAY, FEBRUARY 09, 2009

9450 TAKEN OVER NOW 9750/9900 SHORT TERM RESISTANCE

Sensex Technical View :

 

Sensex has broken the range of 9450. This implies a possibility of testing of higher levels. As the range was around 9000-9450 we could expect a move up of 300-400 points which coincides with the resistance lines. 

 

Also 61% retracement comes around 9750 levels. So an upmove may see a tgt of 9750/9900. As volumes have not increased the momentum may be subdued and would find it difficult to cross 10k zones.