Market Review for 11th August 2009


BSE Sensex: (15010) we said ‘technically there is no sign of strength and if we get any bounce I would like to view that bounce as a dead cat bounce’ the market yet again unfolded as expected, we got a bounce and finally the market cracked towards the end, the pattern generated is a continuation pattern which basically means that the market is still down…


The support for the Sensex is 14611-14531 and the logical technical target is at 15310

Nifty: (4438) the support for the Nifty is at 4325-4253 and logical technical target at 4527
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