CNX Defty after breaching 4300 has declined considerably. Its short term outlook remains weak and any rally could only be a pull back in nature.

BSE PSU slipped to our projected levels. Its trend remains down and only a swift move above 8300 would lead to any positive development.

BSE Bankex is in the grip of a short term downtrend. Its trend is likely to remain weak in the coming week. A move above 12250 may result in a change of trend.

BSE IT has been one of the underperformers amongst sectoral indices. It is currently hovering near a strong support at 5300. Any rally could only be a pull back in nature.

BSE Capital Goods Index also declined considerably in line with other sectoral indices. Further cracks can emerge if it continues to trade below 12150.

BSE Auto Index also plumetted last week and is currently trading near an important support of 8200. A breach below 8200 can see further weakness till 8000. Its outlook remains weak in the short term.