Sensex may test 14260-14380: Angel

According to Angel Broking Technical Analysis report, On the upside indices may test 14260–14380/4280–4300 levels.

Angel Broking Technical Analysis report:

Indices opened on a flat note and traded with a positive bias through out the session. On the daily chart, the upper trend line of the ‘Channel’ is breached. This suggests that the positive momentum is likely to continue in the coming trading session. On the upside indices may test 14260–14380/4280–4300 levels. However if these levels are sustain then the indices may test 14520 / 4350 levels. The immediate support is at 13930–13860/4180-4150 levels. We are expecting more stock specific movements with high volatility.

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