SENSEX 12365.83
TURNED CHOPPY

Index turned into very rangebound trading between 12489 and 12145. Bollinger Band still suggesting the northwards. I feel it take some time and then it try to ove northwards. But it happens as long the sensex does not penetrate the 12145 level. Support for the Sensex is at 12145-11833 and 11445. The only resistence for the sensex is at 12489 and then all time high of 12671. Taking the leading indicators the Sensex is showing otherwise, i feel this rally is got tiredness as i say it may retrace the index to the level of 11192 or even the possible thing an happen is the larger part of consolidation. First thing is let closely watch the level of 12489 and 12145. Then we can come into sonclusion...