14 July 2008

SENSEX HEADED BELOW 13000


Sensex gave some hopes of forming short term bottom and possibility of medium term bottom formation if it crossed 14450 but it could not sustain much above 14000 and retraced below support line (see the chart) of this bounce back. It could once again see levels below 13000. However if it crosses 14066 there can be some smart upmoves.

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