Market Review for 2nd September 2009

BSE Sensex: (15551) we said ‘looks like time some more volatility in the days ahead’ and the market unfolded volatile and closed in the red, the bar generated does not indicate strength but it gives a feeling that 4500 is not ruled out…to me the F&O series has started on a weak note and does not indicate strength but I would be cautious as I have seen sometimes the market bouncing back…

The crucial support for the Sensex is 15470-15321 and the resistance is at 15685

Nifty: (4625) the crucial support for the Nifty is at 4600-4548 and resistance is at 4700

Labels: Market Review

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