Market Review for 27th July 2009

BSE Sensex: (15379) we said ‘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 market yo-yoed the entire day and yet closed positive for the day… technically the trend is still intact up but I would be cautious as the market has thrown in a sluggish pattern and so I would watch 15100 and consider the market as up as long as 15100 holds…

The support for the Sensex is 15100 and the resistance to the up move is at 15600-16046

Nifty: (4569) the support for the Nifty is at 4500 and the resistance to the up move is at 4615-4700-4789

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.