30 June 2009
SENSEX - MOMENTUM SUPPORT AROUND 14150-14200
SENSEX momentum / support line is around 14150-14200 and only break below this support could lead to continuation of the corrective phase and show levels around 13700 and 13500. The possibility of break below the support line is not very bright as the market has lots of expectations from the big event the"budget" and today's reversal could best be explained as risk aversion selling should the budget have some negative surprises.
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