Dow 8068.96 -213.70 (-2.58%)
Sensex 9536.33 -303.36 (-3.08%)
I mentioned here sometime back that the 10-year low of 7591 is an important level to watch. Looking at the rate of fall and news flow, this level is most likely to be broken within the next few days or a couple of weeks at most. Its certainly one of the worst times in history!
For the Sensex, I still maintain a bearish trend. The Sensex has still not broken its 5-year low which is an important level to watch. Once the 5-year low is broken, I expect a technical bounce. Till then, it’s a wait and watch.
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