Sensex: 13094
Our Last Comments: The trend remains bearish. The Sensex is heading towards our next price target of 12316(advised on 17th June).On the upside 14127-14197 will be a new hurdle area; if closed above 14197 then (only) expect a ‘pullback’ rally, towards 15.3k region (maximum). 
Mid-Alert: The Sensex made furious movements in the last 2 trading sessions, amidst huge volatility and sharp swings. Technically, such environment is always witnessed near "crucial" turns. Further, the day when Sensex rebounded with 700+ points (on Wednesday), the days volume (BSE) was "highest" since the near trading history (at least from year 2006 onwards). Ideally, the ending point (bullish / bearish) of the trend (minor/major) is invariably associated with heighten volatility, wild moves & bloodiest battles for control (over the markets, by strong hands).
In short, this ‘unusual" action indicates a pending reversal in the trend, at least minor trend (for short term) in the near future. Expect benign up move if 12820-12600 remains protected (on closing basis).
