Market Review for 29th September 2009

BSE Sensex: (16693) we said ‘Technically the trend is still intact up as long 4900 holds… target s in the near term is 5155’ the market unfolded flat and the indicators have given a sell but structurally looks like we will see volatility in this truncated week.

The crucial support for the Sensex is 16435 and the resistance is at 16815-17071

Nifty: (4959) the crucial support for the Nifty is at 4930-4900 and resistance is at 5020-5155

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