Market Review for 17th June 2009

BSE Sensex: (14958) we said ‘the market has seen support near strong support of 14900 and so volatility is not ruled out’ the market unfolded volatile…it opened weak but bounced back right on our support like dot on 14622 and gained strength…the market has now thrown in a very crucial support of 14800… I would say that the market is still OK as long as 14800 holds… I would buy nothing if 14800 breks…

The support for the Sensex is 14800-14620 and the resistance to the up move is at 15265

Nifty: (4518) the support for the Nifty is at 4465 and the resistance to the up move is at 4600

Labels: Market Review

Disclaimer:-Past performace is not a guarantee of future returns! Above matter is technical analysis based on & conceieved from charts, which are believed to be authentic over long long time. All recommendations posted here are purely for information view. The Author may or may not have any position In the given Recommendations. We are not responsible for your Loss as trading is highly risky. Please Make your own decision and it is a best practice to consult A Financial Consultant Or A Broker.The author won't be liable or responsible for any legal or financial losses made by anybody.