The upper trading targets are placed at 9286-9550 (SENSEX) & 2832-2904 (NIFTY). The lower supports are placed at 8939-8746 (SENSEX) & 2745-2690-2630 (NIFTY). Use any rally to reduce longs and create fresh short positions on larger rallies.
Technical view for Thursday, 5th February, 2009.
The market witnessed another day of volatility albeit in a narrow range, with further evidence of a tussle between the Bulls and Bears. We can expect more of this tussle and volatility to continue in the near term until the market can find a clear direction.
The upper trading targets are placed at 9286-9550 (SENSEX) & 2832-2904 (NIFTY).
The lower supports are placed at 8939-8746 (SENSEX) & 2745-2690-2630 (NIFTY).
Use any rally to reduce longs and create fresh short positions on larger rallies.
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