Market Outlook (12 March 09)

The market ended at 9,043 on 19 February 2009 following a quick reversal of the pre-Budget rally. This fits in with the range that the Sensex has formed post-October 2008. The upper resistance line for the range is about 9,958 and 10,100. The lower side of the range is around 8,700. It is a healthy sign that the index is now moving within the band, signifying its attempt to form a base. It...

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