Tuesday, April 10, 2012

SENSEX futures for 10 Apr 2012

SENSEX today Opens with 17407.66 and take high up to 17486.02 and low up to 17199.63 and close at 17222.14 so according to this SENSEX futures for tomorrow according to SENSEX bse technical analysis Looks Like.

Impulsive Wave Pattern
Wave TypeRange FromRange To
Wave 117199.6317309.03
Wave 217309.0317241.42
Wave 317241.4217376.64
Wave 417376.6417293.07
Wave 517293.0717470.06
Wave-5 Expansion will continue till 17511.87
Corrective Wave Pattern
Wave TypeRange FromRange To
Wave A17486.0217309.03
Wave B17309.0317418.43
Wave C17418.4317283.21
Wave-c Expansion will continue till 17241.44

SENSEX Price is In the Corrective Cycle. Currective cycle will Fail if price rise to 17334.85
Selling is Advisable at 17418.43 with stoploss 17486.02 for Target 17283.21.

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