Market benchmark Sensex inched up by 17 points to close at 28,351.62 on Monday, while the NSE Nifty went past the 8,800 mark on fag-end buying in IT, metal and power stocks amid positive global cues. The 30-share Sensex resumed higher at 28,450.42 and advanced to 28,458.80 following initial buying by investors and sustained foreign fund inflows.BSE Sensex was little changed on Monday with losses in financials such as Bank of Baroda Ltd and telecom company Idea Cellular Ltd (NS:IDEA) outweighing gains in IT stocks. However, investor sentiment was upbeat as Asian shares ticked up on renewed optimism over US President Trump’s tax reform plans and his change of tack to agree to honour the “one China” policy. Trump plans to announce the most ambitious tax reform plan since the Reagan era in the next few weeks, the White House said last week, sending stock prices and the dollar higher on hopes for a cut in corporate tax rates.
There is bearish thee-line strike candlestick pattern is becoming on the chart by little improving pro move registered in the middle in Sensex which is indicating about heavy selling pro move may found with trend reversal after breaking Wednesday low price again so; traders should make downturn pro trade by exiting short term boom position after breaking Wednesday low price. Upper Bollinger band of the strong boom pro move is opening on 28731 which will work as near resistance. Profitable selling can be seen in the surge of below 28731 when likely to found quick target up to 28917 by crossing resistance and giving close on which. Sensex creates inverted and descending scallop pattern on weekly chart which shows the trend of improvement will remain unchanged on 28147 in Sensex form the decline. There is below target can be found up to 27922 by breaking 28147 with heavy volume and giving close below it. 
There is IC green cloud of the strong improving trend is becoming on 8833 and 8909 where the profitable selling can be seen below the level from the high. It is likely to found new high level above 8909 by crossing 8833 and giving close on it. Nifty creates dead cat bounce pattern on technical chart which shows the boom may unchanged on near support 8686 from the decline. There is assumption for found quick below target up to 8608 by breaking 8686 and being close below it. Book your partial profit in the boom position and in the rise below the resistance since price volume is trading on 90 mark. In the next period; nifty and bank nifty will surely find 300 to 750 points of movement from the one crucial level and the accurate recommendation will provide to the members. Again the short term technical indicators are moving toward overbought phase so that; there is strong possibility for the healthy selling below the resistance.short term traders sell nifty feb fut around 8856 for target 8686 and 8608 with SL 8909.