Market Review for 28th August 2009

BSE Sensex: (15781) we said ‘technically the bar generated for the day is an indecisive bar capable of stalling this up move and so I would be cautious on the F&O expiry day’ the market traded volatile and closed mildly positive, technically the trend is still said to be intact up but I would watch the breach of crucial support of 15685 as the market has a strong overhang resistance at 16046…the first day of the new series could be a decider…

The crucial support for the Sensex is 15690 and the resistance is at 15904-16046

Nifty: (4688) the crucial support for the Nifty is at 4660 and resistance is at 4700-4789

Labels: Market Review

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