Bircs PCG says that the primary uptrend in the market is in the process of being damaged.The Sensex which witnessed a record decline (in absolute terms) yesterday and plunged to the low of 11,330 again breaking below important supports.The next major support for the Index rest at 11,008 (Nifty 3290) once this is broken and a rally which may follow this fails ends lower than the high of 12671(3774), then probability for a primary downtrend will gain strong ground.A fairly weak opening is anticipated for obvious reason; hurdle for the day is at 11,545 and below 11,264 a downward acceleration begins.The immediate swing on the Sensex is down and the same will be broken on a decisive break above 11,790.
