Market Review for 23rd June 2009

BSE Sensex: (14326) we said’ we now have an F&O expiry coming in and so we might see more bounce in the days to come… but if 14188 goes then 14000 is not ruled out’ the market surprised and has closed negative and on the indicators front it is still a ‘sell’ but the structure of the market is suggestive that a violent move on the upside is not ruled and I would be cautious if I was short…because short covering could drive the market higher if it happens…

The support for the Sensex is 14188-14000 and the resistance to the up move is at 14727-14894

Nifty: (4235) the support for the Nifty is at 4200 and the resistance to the up move is at 4406

Labels: Market Review

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