sensex moving in a channel started from below 9000 levels width of channel is in excess of 1200 points.We touches upper channel trendline at 10979 and fell from there only to touch lower channel support 9890+ and ,since then we are clinging on to a rising trendline which can target 12100 before any major correction, in correction we may see sensex near 11700 levels.For now have stop loss near 10940 for an upside target of 12100.
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