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Home > > Market Review for 13th August 2009

Market Review for 13th August 2009


BSE Sensex: (15020) we said ‘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 market made a new low and closed negative for the day but the trading pattern of the day is suggestive of short covering near the lows and but the crucial point to watch is 15200 and as long as the market manages to stay below 15200 then I would say the market is still down…

The support for the Sensex is 14611-14531 and the logical technical target is at 15200-15352

Nifty: (4458) the support for the Nifty is at 4325-4253 and logical technical target at 4501-4545
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