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It was a choppy session as Sensex opened with upside gap and attempted to fill the gap which it created on Tuesday but failed. In second half it slipped towards days low by violating the importance of 13650 levels which is a opening gap.
Sensex has formed a Bearish candle with higher upper shadow which indicates weakness in the trend i.e. the down trend witnessed a day earlier would remain intact. As of now Sensex is trading in a channel and still maintained the importance of channel. As per this channel important support lies at 13480 level which is a channels lower lines value. As long as Sensex maintain this level the bias seems to be positive and 14000 levels could be witness. Failure of this could lead to 13180 levels.