Market Outlook (15 Jan 09)

In the previous issue, we had forecast that it was time for a brief
relief rally, which would fizzle out. This is what has happened. On 5 December 2008, the Sensex ended at 8,965 and then rose to a high
of 10,099 in the week ended 19th December. At the time of writing, the Sensex has declined to 9,566. We had also suggested watching out for support at 8,700, which the Sensex did not...

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