Update: Sensex / Nifty for 29/10/2010

The BSE and the Nifty Charts have shown a descending triangle pattern for today. This is a bearish pattern generally. The Key levels to watch out for would be 5950, if Nifty breaks this level then we can see a good correction in the range of 100 points.
However, if the market is able to maintain above the levels of 6020, a breakout on the upside would see the markets going past 6080 - 6100
Broad Range : 5980 - 6050...