According to Hitendra Vasudeo, for the Sensex lower range can be 9702-8443 and upper range could be 14000-16000.
"The news flow which was supposed to offer some relief to the markets as per sentiments is not at all being reflected in Dow Jones. At this point Down Jones is still down and no recovery on the back of news flows which was suppose to offer some relief. As the market is down, you next round of pullback can bring the market to the range of 14000 maximum on the recovery. Lower range can be 9702-8443 and upper range could be 14000-16000. Any rally to 14000 should be looked at as an exit opportunity. On the immediate front, you could see erosion in prices. The gestation period is longer and need to wait for better market conditions to exit," says H Vasudeo.
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