Market Outlook - 20th Nov 08

The market has been clobbered by massive waves of institutional selling. Over the previous few issues, we had mentioned 13,400, 12,500 and 9,800 as possible weekly support levels. None of these held. The totally unexpected precipitous slide to the current level of about 8,500 has taken us completely by surprise. In exactly six weeks, the Sensex has fallen by over 5,000 points – from the 13,100...

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