(1) Sensex Chart For Coming Week ::

Sensex :: Very difficult to forecast future market in such kind of extended corrective up move.. Its advisable to avoid long term view and play in short term /midterm for maximum gain.. We already give sell signal exactly at top with Single Top formation for short term in last week.. And both indices correct sharply from top .. Now what to do after decline..
Today we post intraday and daily chart of Sensex..
In intraday Sensex break Head and Shoulder neckline with 5th Failure Terminal given bearish signal (Nifty still above neckline of H&S) but in Daily chart it’s still above strong support b-f line mark as pink color. May be short term intraday up move is there so be careful in fresh shorting at low .. Now those who short for short term revise stop loss of shorting at 16790 for intraday and for short term 16840 or maximum 17120..
In daily Sensex chart represent mid term bias.. Extend corrective move running like Bow Tai Diametric Formation .. Extended last g leg of Diametric may be finish at our Single top in last week If any up move is still pending now onwards e-g line works as strong resistance in coming day’s.. For mid term investor buying stop loss intact at 16485 as closing basis and in Nifty 4900 as closing basis..
Our strategy for 12th Oct.. If Sensex hold 16582 and in Nifty 4916 then buy in deep (S.L 4900/16485) Sell at high ..
If Nifty break 4900 and Sensex break 16485 then exit in all long position and hold short for coming week..