Market Review for 6th July 2009

BSE Sensex: (14913) the market has traded the entire week in a range bound situation and has managed to close positive on the last day of the week with an upward bias…we now head into budget with a volatile trading session ahead and the best thing to do in the circumstances is to stay away from the market until the budget is digested and a trend emerges…
The support for the Sensex is 14650 and the resistance to the up move is at 15200-15400
Nifty: (4424) the support for the Nifty is at 4340 and the resistance to the up move is at 4580