Below 15240, Sensex may slip to 15050: Angel
MUMBAI: Angel Broking expects market to remain volatile and if Sensex slips below 15240 it may slip to 15170-15050 levels.
“Markets were indecisive to begin with, cautious approach at higher levels led to some profit booking which dragged the indices to close on a negative note. On the daily charts, we are witnessing a narrow range body formation which suggests indecisiveness prevailing at current levels. Apparently the candlestick pattern does not indicate a sharp fall. If indices trade convincingly below 15240 / 4586 levels then a correction up to 15170 – 15050 / 4560 – 4520 levels cannot be ruled out. On the upside,15569 –15582 / 4680 – 4690 levels may act as a resistance for the day and any close above these levels indices may further rally to 15970 / 4750 levels. On the sectoral front, metals and sugar sector are looking positive where one can trade with positive bias,” said Angel Broking note.
source: Economictimes
Tags: angle broking, BSE Stocks, bse tips, nse bse technicals, nse bse tips, nse live, nse sensex, NSE Tips, sensex, sensex techncials, share market india
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