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MTECHTIPS:25-02-2013 TRADIN ANALYSIS FOR SENSEX

MTECHTIPS:25-02-2013 TRADIN ANALYSIS FOR SENSEX

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Published by MtechTips
MTECHTIPS

MTECHTIPS:25-02-2013 TRADIN ANALYSIS FOR SENSEX


Sensex this week closed with loss at 19317.this was straight 5th week of weakness on continues profit booking.this week sensex made high near 19742 while low was 19289 so total 350+ points volatility and corrective momentum. on downside 19011 is 6 month average as well as support.may show up in next week as target of this correction.disappointment from result may set downside rally upto 18450 which is 12 month average and last support of this bull market. while by pivot theory,below 19290 sensex will enter very bearish territory for month of feb and expect targets of 18985 and then 18690.19460 is closing basis trailing stoploss for all short to medium term short positions.

WWW.MTECHTIPS.COM
07489294118-119
MTECHTIPS

MTECHTIPS:25-02-2013 TRADIN ANALYSIS FOR SENSEX


Sensex this week closed with loss at 19317.this was straight 5th week of weakness on continues profit booking.this week sensex made high near 19742 while low was 19289 so total 350+ points volatility and corrective momentum. on downside 19011 is 6 month average as well as support.may show up in next week as target of this correction.disappointment from result may set downside rally upto 18450 which is 12 month average and last support of this bull market. while by pivot theory,below 19290 sensex will enter very bearish territory for month of feb and expect targets of 18985 and then 18690.19460 is closing basis trailing stoploss for all short to medium term short positions.

WWW.MTECHTIPS.COM
07489294118-119

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Published by: MtechTips on Feb 25, 2013
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