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Tuesday, September 28, 2010

Sensex intraday analysis

Sensex witnessed yet another consolidation phase with positive biasness. The main thing is that sensex is getting good buying support at correction which means that still there is a positive strength in the market. In the upside we might see intraday technical resistance close to the zone of 20350 to 20355. Decisive closing above this resistance zone may guide the sensex towards the levels of 20475 to 20500 in near run. The immediate support for sensex seems close to the levels of 19985 to 19980. Closing below this support zone may slip the sensex towards the level of 19890 to 19900 in near term.


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