SENSEX AS ON 6.07.09

i have been referring 15100-15300 zone as a strong resistance zone since no of days.on crossing 15300 decisively only we have to be on bullish side for targets of 16k. we reached today at 15098 and big sell off was seen.
no attractive proposals to cheer up market were seen. no change in STT,higher fiscal deficit, very small disinvestment proposals invited big sell off. more over global markets are also in similar mode.

downward channel is shown in chart.today we closed below 3/5/8/13/21 and 34 dma.next support may come around 50/55 dma in 13500-13800 zone.from ther we can see pull back rallies which shd be used to sell.