Sensex: Supports 16551, 15000, 13000. If it falls to 16551 and holds, then
expect rise in leaps and bounds, below this expect channel moves
support of 15000, 13000.So buy in dips, and do see the critical levels closely.
Nifty: It is possible that we see 4800. So buy puts of lowest levelspossible, so that the investments (if any) are secured from the heat of the correction, and that you have a better holding power.
On the other hand, if it rallies now, then above 5575, expect 5800.
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