==>> Sensex closses above 15000

Wow what a rally this has been. Markets continued its northward journey for the 4th consecutive day, with little flat closing in between. Nifty and Sensex broke out through the trendline on Friday itself. On Monday Indices opened up strong continued to rally further. In my last article I had written that the MACD is signaling a bullish pattern. In the last 3 days, Nifty has taken good support at the 20 DMA. RSI trend have also turned up.
Markets opened up strong. Sensex opened with a gap in the positive zone. Nifty closed at 4495.95 after making an Intraday high of 4510 up almost 121 points. Nifty resistance level is at 4500 -4530- 4550. Support is at 4429- 4350 levels. I would rather suggest that the traders should keep on booking profits at the higher levels. Sensex have almost climbed 1000 popints in just 4 days. Thats not reasonble. Now all the people who had targets of 3700 Nifty, have shifted to 5200 in Nifty. Its not realistic. Sensex closed at 15191 up by 446 points. Buying in the IT stocks helped the Sensex and Nifty to make a high above 15000 & 4500 respectively. TCS reported better then good results. Buying were seen in the IT stocks.