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Sensex turned downwards from the consolidation zone and finally closed below the crucial intermediate of
15,500. The low of the day was seen at 15,303 i.e. near the earlier bottom of 15,297. The weekly close was also
down considerably by 1028 points in comparison with previous weekly close of 16,371. This is an indication of
weakening trend of the Sensex and after 15,300, the next lower intermediate zone is between 14,700 -
14,500. Sensex needs to surpass 16,000 level to re-enter in consolidation phase again and to avoid the
continuation of downtrend. In the current scenario, Indian stock market is bucking the global stock market
trend and a considerable gap down opening in the start of the coming week will be indication of probable
formation of new low in Sensex. If Sensex continues downtrend then this time the bear attack may be seen in
Auto, Banks, Real Estate sector stocks