Above 15831 Sensex may test 15895-16000: Angel

According to Angel Broking the daily charts suggest indecisiveness in the market. It expects the Sensex to touch 15895-16000 if the index manages to stay above 15831.

MUMBAI: According to Angel Broking the daily charts suggest indecisiveness in the market. It expects the Sensex to touch 15895-16000 if the index manages to stay above 15831.

���On the daily chart, we are witnessing a ���Doji��� formation which suggests indecisiveness prevailing at current levels. The coming trading session is expected to trade sideways with a positive bias. On the upside, if indices trade convincingly above 15831 / 4698 levels then it is likely to test 15895 ��� 16000 / 4710 ��� 4730 levels. However on the downside, if indices trade below 15695 / 4659 levels then it is likely to test 15420 / 4580 levels. Tomorrow being the expiry of current F&O series we are likely to witness volatile session ahead,��� said Angel Broking note.
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