Market Review for 9th September 2009

BSE Sensex: (16124) we said ‘and looks like 16046 would be taken out with force and if that happens then we should see a strong up move in the days to come’ well the level 16046 has been taken out and the market has managed to close above it…reactions can come in but the up trend so far is still intact.

The crucial support for the Sensex is 16030 and the resistance is at 16248-16404

Nifty: (4805) the crucial support for the Nifty is at 4780 and resistance is at 4856-4903

Labels: Market Review

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