Market Review for 28th July 2009

BSE Sensex: (15375) we said ‘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’ well the managed stay put despite the negative Reliance results, however the trading pattern for the day is yet again indecisive and sluggish and so I would once again watch the crucial support now at 15280 and stay long as long as 15280 holds…

The support for the Sensex is 15280-15100 and the resistance to the up move is at 15600-16046

Nifty: (4570) the support for the Nifty is at 4535-4500 and the resistance to the up move is at 4615-4700-4789

Labels: Market Review

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