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It was choppy session as Sensex opened up and slipped towards days low at 12830 levels but managed to close in positive at the end on 4th day of fall.
Sensex has formed a continuation pattern which indicates that weakness in the trend will continue ( minimum 12580 levels ) but, after a pullback rally of 300-400 points. On weekly basis Sensex is forming a huge bearish candle which leads another 1500 points fall. To nullify this bearish scenario this pullback rally must close above 13560 for next 2 days. If it close above 13560 then there could be chance of 14180 or more levels or else 11800 levels could be witness as a trend reversal.
Support 1) 13090 2) 13010 3) 12900 4) 12780.
Resistance 1) 13490 2) 13602 imp 3) 13790 4) 13860.