Sensex closed in Red on second session of the week, down by 86 points at 13566 levels with decent volume of Rs 4678 cr.
Market witnessed more than 200 points fall (from top to bottom) on 2nd consecutive day.Sensex has formed a “Continuation” pattern which indicates weakness in the trend but after a pullback rally. Sensex has still maintained the importance of Bearish candle which is created on Monday. To nullify the importance of this Candle the Market has to sustain above the 13727 levels which is 50 |% of candle. If it does then trend could be positive and 14000 levels can be seen. But failure of this could lead Sensex up to 13230 levels.