Market Review for 3rd Agust 2009

BSE Sensex: (15388) we said ‘now the day ahead is a very important day as now the shorts have covered and it will only be a fresh buying that will take the market up. Friday is the last day of the week and also last day of the month and the market is at cross roads now and who knows what will happen’ the market gave a strong technical breakout and closed on its high, technically the trend is still intact up and the next logical target in the days to come is 16046.

The support for the Sensex is 15000 and the resistance to the up move is at 16046

Nifty: (4636) the support for the Nifty is at 4557 and the resistance to the up move is at 4700-4789

Labels: Market Review

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