Market Review for 12th August 2009

BSE Sensex: (15075) we said ‘the pattern generated is a continuation pattern which basically means that the market is still down’ the market remained flat and volatile closing marginally positive…technically all parameters are still pointing that the market is still down and I would eagerly watch the break of 14864 for confirmation of the down move until then it is a caution time…

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

Nifty: (4471) the support for the Nifty is at 4325-4253 and logical technical target at 4527

Labels: Market Review

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