Few thought about this mad rally

Dollar is likely to bottom out in 1-2 weeks. Possibly nifty likley to downslide when
the dollar index bottoms out. Till then FII's will remain as net buyers. Dont trust this wave

for long term investing. Only short term investors can benifit for this wave with proper exit.

Next Gann Resistance near 16200 in sensex and could vary +/- 200 pts with respect to time.

Check out the Gann Charts posted here earlier. Sensex also respected the support zone

14800-14880 zone as the resistance becomes the support line now.

 

https://www.marketcalls.in/2009/07/sensex-long-term-gann-chart.html
 

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Iam expecting a possible trend reversal near 16000-16400 zone in few weeks.

One more thing about trin. Trin always give a early confirmation about the trend whenever an important

resistance got breaches. TRIN dips below 1 on monday after crossing 14800-14880 zone on sensex.