Sensex has resistance at 15200-15300: Angel

According to Angel Broking Technical Analysis report, trader who have gone long at lower levels should book profits at the above mentioned resistance levels (15200-15300/4500-4520 levels).

Angel Broking Technical Analysis report:

Indices Opened with a rising GAP which indicated that the market action was in favor of the Bulls. On the daily chart the downward trend line bisecting Jan08 and May08 high would act as major resistance .Any sustainable upward move above the trend line (15200-15300 /4500-4520 levels) would lead the indices to 15700 / 4680 levels. Trader who have gone long at lower levels should book profits at the above mentioned resistance levels (15200- 15300/4500-4520 levels). Any corrective dips to 14300-14000/4250-4220 levels should be viewed as buying opportunity

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