Monday, January 11, 2010

A sloppy action!

Sensex


Sensex have been showing sloppy movement since past 1 week
The drift downwards looks very much corrective and it looks to be forming a base for rally in form of wave c of (3) of ending diagonal
We are expecting a trending move upward to start very soon maybe in a day or 2
Caution: Book partial profits at every level of rise as we are in final leg of rally which started in October 07 and the upside potential is limited from here. We do not expect a move above 18750!

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