Sensex can rally 2,000 pts. How to trade markets in September F&O series?

The optimism is expected to continue in September. The Sensex can move up by around 2,000 points in the coming month, charts suggest

S&P BSE SENSEX
Likely target: 58,000
Upside potential:   3.0%

The index has seen a phenomenal run-up in the August series, adding 6 per cent to hit a record high of 56,198 levels. This move was the result of a consolidation breakout appeared in the July series. The momentum is expected to continue in the September  F&O series as well and one can expect the Sensex to move up around 2,000 points. The overall trend suggets that the index is heading towards 59,000 levels from a short-to-medium term perspective. The support stays at 54,000. Until this level is firmly defended, the