Sensex Technicals

Per previous post on Sensex near-term target, the minimum retracements on the weekly chart seems to have been completed today.

Now let us see whether the current move takes it beyond 16186. If it does, the next potential targets are 16371, 16555, 16923, 17223 & 17418. The levels around 16400-16600 & 17000 are likely to pose good resistance.

Let us see how for this goes...If you are a trader, trade with caution. Tight stoploss for short positions advised.

Cheers