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Saturday, September 25, 2010

Technical Outlook on BSE Sensex

Sensex is in the upside consolidation phase and looking technically to have more strength on bull side. The next technical resistance for sensex seems in the zone of 20200 to 20250. Decisive closing above this resistance zone may take up it till the level close to 20500 in near run. In the downside the immediate support for sensex seems close to the levels of 19770 to 19740. Decisive closing below this support zone may take sensex till the lower levels of 19630 to 19640 in near term.

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