Market Review for 7th July 2009

BSE Sensex: (14043) we said ‘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 market opened firm and the budget got digested in the first 10 minutes and the market cracked like nine pins…now the best thing to do is to have a deep stop above 15000 and sell all reactions until we find strong supports…

The support for the Sensex is 13400-12600 and the resistance to the up move is at 14420-15000

Nifty: (4166) the support for the Nifty is at 3870 and the resistance to the up move is at 4250

Labels: Market Review

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