Market Review for 31st August 2009


BSE Sensex: (15922) we said ‘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 market stayed positive in the new F&O series indicating strength and I would still wait for 16046 to be cleared…

The crucial support for the Sensex is 15690 and the resistance is at 16046-16248

Nifty: (4732) the crucial support for the Nifty is at 4660 and resistance is at 4789-4904

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