(1) Sensex Chart For 31/08/2009 ::

Sensex :: Nifty break last pivotal high and close above it, but still Sensex below it.. Made Belt hold line, Body gap up bullish candle in weekly chart with high volume.. Sensex already enter in corrective up move last leg Y of c 1st target with bearish Wolfe wave pattern… Still overall chart structure is bullish but now in strong supply zone be careful at higher level.. Any time healthy correction due from higher level.. Please don’t give any long commitment at higher level for next day. We are near to our positional sell date 2nd Sep.. Due to weekly bullish structure our strategy for 31st Aug if Sensex move down, up to 15600 buy in deep (S.L 15600/15500) Sell at high (S.L 15200) .. If Sensex move up and face resistance between 16000 to 16072 change strategy as sell at high (S.L 16210) buy in deep.. Resistance for up move at 16000/16040/16060/16072/16210 .. Supports at 15850/15715/15606..

(China & Hangsang market start correction, all other world market charts now enter in sell mode)