Market Review for 16th September 2009

BSE Sensex: (16454) we said ‘the day ahead is expected to be a big movement day’ the market unfolded yet again as expected and seeing the high at 4900 near our resistance of 4903 and closed in the green…I am usually cautious for a reaction when the market achieves our target like a dot but the market is technically still up and is tiring to gather strength to hit the 5000 mark and create history and traders need to be cautious near the psychological 5000 mark also

The crucial support for the Sensex is 16120 and the resistance is at 16586

Nifty: (4892) the crucial support for the Nifty is at 4780 and resistance is at 4903-5014

Labels: Market Review

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