Thursday, October 19, 2006

SENSEX 12723.59
LOOK OUT FOR THE GAP, ON THE WAY TO CLOSE...




Now Sensex is inching towards closing the gap of 76 points from 12558-12632 this two level will act as the key to this so called 3rd of the 5 wave, by closing the gap and gets weaker then it'll test the level of 12228 and possibly 11800. Those who are short in market they can put a stop loss at 13000 and cover at 12228 and 11800. And still we're in the 3rd of the 5 wave. Daily Momentum is slowing slackiness and Daily RSI is visibly heading towrds below the mid-point level.