MTECHTIPS:-SENSEX
The SENSEX gave a positive opening taking cues from the world markets, and the index traded with positive bias, throughout the trading session. The market witnessed some selling in the final hours, as the index closed the day with losses around crucial levels of support.Sensex has made higher high compared to the previous day for the 7 day in succession and closed flat due to intense profit booking which came in during yesterday’s mid-day trade. Today if 17800 are held on lower side then 18000 becomes important resistance level and if this level is crossed then Sensex can easily move towards 18200 & 18300 very soon. Sensex sustaining 17800 is important for higher levels like 18250.On the flip side, if 17800 levels are not held then some selling pressure could take the index towards 17600 too.
The SENSEX gave a positive opening taking cues from the world markets, and the index traded with positive bias, throughout the trading session. The market witnessed some selling in the final hours, as the index closed the day with losses around crucial levels of support.Sensex has made higher high compared to the previous day for the 7 day in succession and closed flat due to intense profit booking which came in during yesterday’s mid-day trade. Today if 17800 are held on lower side then 18000 becomes important resistance level and if this level is crossed then Sensex can easily move towards 18200 & 18300 very soon. Sensex sustaining 17800 is important for higher levels like 18250.On the flip side, if 17800 levels are not held then some selling pressure could take the index towards 17600 too.
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