Market Review for 26th August 2009

BSE Sensex: (15688) we said the ‘we could see some profit booking in the trading session ahead but with an upward bias as the structure is still positive’ the market unfolded yet again as expected…it was volatile the entire trading session and closed positive…the market is now against a stiff resistance and with just 2 days to go for expiry and I expect to be more volatile, the crucial zone to watch would be 15595-15545

The logical target for the Sensex is 15595-00-15545 and the resistance is at 15783-15904

Nifty: (4649) the logical target for the Nifty is at 4620-4600 and resistance is at 4700-4790

Labels: Market Review

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