The Sensex & the Art of Being in an Overbought Zone! The Sensex has been in an overbought zone since the last 10 odd trading sessions and the juggernaut shows no signs of slowing down yet. After taking out 35800, the Sensex is on track for ~36000-36100 and perhaps higher.
However, start booking profits for now. A Sensex target of ~36100 doesn't imply that you're holding trading longs till 36099!
The market outlook will turn neutral below 35626 and negative below 35311.