Sensex fell successively for 6 trading sessions after nearly 4
years. Our support levels of 18730 and 18370 given in the chat
section have been honoured for the past two sessions but the
next support level is only medium term support of 17,700.
Sensex looks weak on the back of global financial weakness,
surging oil prices and its fallout on the world economic growth. The Indian industrial production growth numbers also
have not been very encouraging.
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