Sensex and Nifty Fibonacci Retracements at 4775 / 16000
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The risk remains !! – No reversal signs yet. Stock Pickers Market.
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Sensex – Short Term Oversold – Channel broken – Down 12% in this leg . Some relief to 17300-17500 possible.
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Sensex Weekly Technical Chart – 17300 and 19200 are major trend deciders
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RBI hikes Repo and Reverse repo by 50 bps — Markets to get sluggish with stock specific action
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