SENSEX 30

AT THE CRUCIAL SUPPORT,

Sensex getting nervous ahead of Budget07. Well now the market is at very crucial support at 14000 level. If 14K takes off then some big correction is expected might it may test the 12800 level. Just look out the chart and RSI bar where i draw the supporting trendline on both of the charts. RSI is threatnening to cut loose the supporting trend line. Even the market is just shy away from its 50DMA which is at 13960. The budget is just shy of few days and the thing to concern is that will the market hold the supporting trendline which is connected from the lows of 12801, 13300 and 13800.