SENSEX 30
DIVERGENCE IN INDICATORS...

Market is trading volatile range bound since March 07 beteen 13400 and 12316. The decline from 14723 to 12316 is the Wave A, unless we wont see any sustain above 13400 until then we wont see the Wave B. Wave B will take us to the level of 13800 which is the 61.8% fibo resistenc eof 14723-12316 decline and 14200 which is the 78.6% fibo resistence of 14723-12316 decline. From there we'll see the Wave C another fall. And indicators like Daily RSI, CCI and MACD you'll see the Divergence. This will expose the above mentioned level like 13800 and 14200.