Sensex today opened up at 10,521 and soon made an intraday high of 10,654, to then slide southwards to make an intraday low of 10,411, filling the opening gap before finally closing at 10,534, up by 186 points.
Advance decline ratio today was extremely favorable at 3:1. Sensex continues to make higher top higher bottom formation. Sensex has crossed the previous high of 10,469, there by turning the intermediate trend in the upper direction. The oscillators continue to remain in a buy mode. All trading buying positions should be held on with a stop loss of 9,900 for a target of 11,000 and subsequent target of 11,400 near the 200 -DMA.
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