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Home > > Market Review for 14th August 2009

Market Review for 14th August 2009




BSE Sensex: (15518) we said ‘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 market opened with a bull gap trapping the remaining shorts and continued its journey up forgetting about the swine flu and the monsoon worries, the trading for the day is suggestive of brute strength and looks like S&P is likely to give a breakout now…

The support for the Sensex is 15235 and the logical technical target is at 15724-15880

Nifty: (4605) the support for the Nifty is at 4550 and logical technical target at 4652-4594
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