Sensex continued the downside by about 300 more points before closing above 18K today.
Commodities rallying (esp.Crude crossing 100$ ), inflation fears and continuous FII outflows since last month are making it difficult for the markets for even small bouncebacks.
As posted earlier, the expected pullback may not happen. i.e. the chances of a downside from these levels are more indicating a more waiting period before entering back again.
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