Market Review for 17th August 2009



BSE Sensex: (15412) we said ‘the trading for the day is suggestive of brute strength and looks like S&P is likely to give a breakout now’ the market unfolded cautious ahead of the weekly close…the market structurally is still not very strong as we have a overhang of a strong resistance at 16046…

The support for the Sensex is 15217 and the logical technical target is at 15621-15724-15880

Nifty: (4580) the support for the Nifty is at 4520 and logical technical target at 4622-4652-4594
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