Sensex all possible view:

• Sensex has formed Island Reversal on 27/October by making a Gap-down (16706-16699) and there was a Gap-up on 15/September (16252-16255) and target for this Formation comes to 14200
• Sensex Head & Shoulder formation also likely where Neckline break-down below 15275 would confirm, 16411 would become strong resistance as 50% of retracement from 17493 to 15330 also get over
• Sensex below 15660 which is 89EDMA moving below that would mean intermediate trend has turned negative as after 146 trading days of Sensex staying above this average is finding hard to hold.
•  Sensex to show strength needs to close above 16750 for 2-3trading days or profit booking after one year of good rally can give more correction.