Friday, April 13, 2012

SENSEX futures for 16 Apr 2012

SENSEX today Opens with 17232.56 and take high up to 17398.22 and low up to 17027.30 and close at 17094.51 so according to this SENSEX futures for tomorrow according to SENSEX bse technical analysis Looks Like.

Impulsive Wave Pattern
Wave TypeRange FromRange To
Wave 117027.3017168.99
Wave 217168.9917081.42
Wave 317081.4217256.55
Wave 417256.5517148.32
Wave 517148.3217377.55
Wave-5 Expansion will continue till 17431.70
Corrective Wave Pattern
Wave TypeRange FromRange To
Wave A17398.2217168.99
Wave B17168.9917310.68
Wave C17310.6817135.55
Wave-c Expansion will continue till 17081.45

SENSEX Price is In the Corrective Cycle. Currective cycle will Fail if price rise to 17202.43
Selling is Advisable at 17310.68 with stoploss 17398.22 for Target 17135.55.

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