Market Review for 15th July 2009

BSE Sensex: (13854) we said ‘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 market unfolded as expected and closed 500 points in the green and in the process generating a buy signal, now the market should see some upside in the days to come.

The support for the Sensex is 13650 and the resistance to the up move is at 13937-14159

Nifty: (4111) the support for the Nifty is at 4050 and the resistance to the up move is at 4199-4255

Labels: Market Review

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