Hi this is manish chachan, sensex has a strong resistance between 15850 to 16050 so book your profits at that level and go for short position if it trades at higher end of the band with the stop loss of 16600 and target of 14850.
reason: sensex corrected from 21206 to 7697 it was near about 13500 points and from there on it is on the up move, 60% of that is 8100 so add 8100 and 7697 you will get my target.
