The Sensex has given a sell signal on the weekly Fibonacci charts, hence the bias is likely to remain bearish as long as the BSE index sustains below 20,455-odd levels.
The BSE index has also broken its monthly S1 - support - at 20,425, which too can now act as an resistance.
On the downside, the Sensex can now look to test the monthly S2 and S3 - at 20,195 and 19,960 - respectively.
The BSE index will need to sustain above 20,425-odd levels, for any hopes of a bounce back in the remainder of the month.
Click Here for the full analysis.
The BSE index has also broken its monthly S1 - support - at 20,425, which too can now act as an resistance.
On the downside, the Sensex can now look to test the monthly S2 and S3 - at 20,195 and 19,960 - respectively.
The BSE index will need to sustain above 20,425-odd levels, for any hopes of a bounce back in the remainder of the month.
Click Here for the full analysis.
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