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<b>Mkt Outlook</b>: Sensex 14,056 support crucial

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Our Web Bureau Mumbai
The Asian markets are trading on a weak note on Intel warning, and the Sensex is expected to open on a weak note after the marginal drop of 15 points at 14,115 yesterday.

The weekly support of Sensex at 14,056 becomes crucial today, and a break below that level is likely to trigger a short-term correction of 200-250 points.

On the upside, the index faces the first daily resistance at around 14,168, and a solid resistance around 14,200. On the break-out above this level, the first weekly resistance of 14,350 comes to the fore.

Trade wisely, and have a profitable day!

 
 

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First Published: Jan 17 2007 | 9:10 AM IST

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