Market Review for 14th July 2009

BSE Sensex: (13400) we said ‘the market is weak whether we accept it or not’ and the market traded negative and closed in the red but the market is now stretched on the downside and so I would not be surprised if we get a technical bounce back and if the market closes in the green in the next trading session then we should see an up move for the next few days and we could witness shorts being trapped in the bargain…

The support for the Sensex is 12715-12600 and the resistance to the up move is at 13700-13937

Nifty: (3974) the support for the Nifty is at 3870 and the resistance to the up move is at 4040

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.