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Home > > Market Review for 24th July 2009

Market Review for 24th July 2009



BSE Sensex: (15231) we said ‘Now the picture is more confusing and I would be extremely cautious and I would not be surprised if the market trades either way though technically it should be down’ the market opened with a bull gap and closed positive for the day after trading for major part of the day in a narrow trading band. Now 15000 levels has become a very crucial support and the market can be considered up as long as 15000 holds…next technical target s to watch would be 15600 and then 16046…

The support for the Sensex is 15000 and the resistance to the up move is at 15600-16046

Nifty: (4524) the support for the Nifty is at 4400 and the resistance to the up move is at 4615-4700-4789
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