On the upside, Sensex likely to test 15180 - 15330: Angel

MUMBAI: Angel Broking expects the upside momentum to continue in the market. It sees Sensex testing 15180-15330 levels.

���After a negative opening session, things turned for the better in the second half of the session, as better than expected IIP data fueled some buying coupled with short covering which led the indices to close with marginal loss.

On the daily charts, we are witnessing a bullish ���Hammer��� pattern formation and once the high of the'Hammer' which is at 15044 / 4474 levels is crossed we expect the momentum on the upside continue further. On the upside, indices are likely to test 15180 - 15330 / 4500 ��� 4540 levels. On the downside, the low of the 'Hammer' 14701 / 4359 could be a short term bottom for the markets,��� the brokerage said.