Sensex – Bounce Back resistance at 18200/18550


Sensex Technical View:

In the last few days we had been waiting for a move above last days high which was done on Friday. This has been followed by a smart bounce.

Bounce backs to face resistance at 18200/18550.

Sustaining above 18200 we may consider a short term bottom in place and a retracement of the fall from 20600 to 17300.

Will update further in the week.

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