2:30 P.M. Update

According to our weekly outlook for current week, Sensex had a crucial support at 14000 which seems to have been respected so far. Reliance also maintained above 2200 in this fall. SBI also has done its bit by going down towards 1300 as expected. These signals imply that we could remain sideways next week but without much negative bias. Nifty closing below 4300 yesterday is the only dampener.