SENSEX AND NIFTY BREAK PSYCHOLOGICAL LEVEL

Both the Sensex and NIFTY have broken psychological levels of 13000 and 4000 respectively and  around 4000 a sharp intraday pullback was seen but thereafter it fell like Niagara. Other major indices were also in red with Shanghai in the lead. The bears seem to be in a hurry to see 3650 on Nifty.