3900 was expected to be resistance area.
Sure enough it held
and sure enough cnbc was saying
'short term uptrend'
buy near 3830/3850+ sl 3800 target 3925
To be fair some analysts on cnbc were bearish and did say book profits and wait for first pullback to 3760 area. sensex level 12.xxx
3760 area gap up will hold
Sharp pullback possible
retest of 3800-3840-3900
market will stay in this range for a few more sessions
We might even test max res confluence area 3971 later
But ultimately in april 3656-3556 is expected to be revisited.
below 200 sma bears can take us to the lower c wave targets given earlier.
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