Sexsen has made two doji's in 2 days. CMP 10,802. This can mean only two things
1) Sensex is making a support level for future retracements
2) A reversal sign (A retracement in order)
Assuming the 1st option is true, I dont think there's anything to worry about
Assuming if option 2 is true, then, we would need a confirmation today, 16th march. If sensex breaks the level of 10,740 downwards, then there are good chances that it will take a support at the 10,550-10,575 levels. The final support is between 10,200-10,300. Only a close below the final support levels will hurt the bull run.
Jai
1) Sensex is making a support level for future retracements
2) A reversal sign (A retracement in order)
Assuming the 1st option is true, I dont think there's anything to worry about
Assuming if option 2 is true, then, we would need a confirmation today, 16th march. If sensex breaks the level of 10,740 downwards, then there are good chances that it will take a support at the 10,550-10,575 levels. The final support is between 10,200-10,300. Only a close below the final support levels will hurt the bull run.
Jai
Last edited: