Tuesday, October 14, 2008

Sensex Update

Sensex 11483.4   +174.31

Sensex lost most of its intra day gains towards the end of day and only drifted southwards from its high of 11870.22. I see the start of a fresh downtrend. Sensex could fall further without touching its next resistance level of 12600. Traders should remain cautious at current levels.

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