Market Review for 14th October 2009

BSE Sensex: (17027) we said ‘I would say that technically 4900 is a very strong support to deal with though the market looks down’ the market has managed to stay above our very crucial support of 4900 and stayed closed in the green, technically the trend is still intact up and we may see some more upside in the days to come and hopefully our target of 5154 on the Nifty has a good chance of being achieved…incidentally we hit the high of the day on the Nifty like a dot.

The crucial support for the Sensex is 16825 and the resistance is at 17249

Nifty: (5054) the crucial support for the Nifty is at 5000 and resistance is at 5154

Labels: Market Review

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