Market Review for 18th September 2009

BSE Sensex: (16711) we said ‘the market misses the 5000 mark by just 50 points…the 5000 mark is so near and yet so far…market still looks up’ the market finally hit the 5000 mark and climbed to high of 5003 and reacted very near our resistance of 5014… the bar generated for the day is exhaustion bar… next week is a short week due to holidays and an F&O expiry week… I expect some volatility and profit bookings in the days to come.

The crucial support for the Sensex is 16435 and the resistance is at 17071

Nifty: (4966) the crucial support for the Nifty is at 4900 and resistance is at 5014-5155

Labels: Market Review

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