Get started

Sensex

Market Next Week - Mood is BEARISH SENSEX WEEKLY 1. On week of 27-July made a high of 38617 which is 78% of restracement and respected as resistance 2. On week of 03-Aug it has broken the lows of last 2 weeks and 3 bar candle suggesting weakness a good weakness in the market. 3. Good sign is that it is abave the EMA's and near upper BB 4. Next week market may fall taking support around EMA's & fibo cluster near 36000 - 35700 SENSEX DAILY 1. Inside Bar on 07-Aug, Levels to Watch - 38221 & 37756. 2. Breaching any one of these on Monday will give the direction to the market. 3. Other Possibilities on Monday is to form OB - which again give a room for sideways over the week. 4. If breaks low - will make short bias if breaks high will make long strategies. 5. No Divergence is present on daily SENSEX 15 Min 1. Respecting 61% retracement, after giving BO showing sign of weakness 2. RSI divergence present and respecting resistance OVERALL - Mood is BEARISH
BSE:SENSEXShort
by thetradegameplan