Sensex is hovering around its October top where NIFTY made an exact double top on Friday. 17500 is the key level now, above which we would have to change our count & Sensex would be in the 3 of wave (5). The targets would then be given by the uppper trendline of the channel. Also the equality of wave 1 & 5 would then suggets a target around 18500 levels. But this all happens if Sensex breaks the Oct high of 17500. Failing to do so, we still maintain our targets of 13500 for Sensex.
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