After a sharp fall from the top the SENSEX now looks as if it is consolidating and it has made the bottom during OCT '08 but technically we believe it should test the long term support level as shown in the chart. The support line range for next 3 months is around 6400 to 7000 (see the second weekly chart) and once it kisses this line some consolidation is on the card before any firm up move. All fresh positions can be taken only after it reaches the 
support.
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