Market Review for 16th October 2009

BSE Sensex: (17195) we said ‘the market has achieved its target on the Sensex front and is very close to its target on Nifty… technically the trend is still intact up and the targets beyond 17249 is 17356-17439’ the market achieved the target like a dot On Nifty front and also achieved its target of 17356 on the Sensex…. technically the trend is still intact UP but I would not rule out VOLATILITY as the market is at a very crucial juncture….

The crucial support for the Sensex is 17000 and the resistance is at 17356-17439

Nifty: (5109) the crucial support for the Nifty is at 5050 and resistance is at 5183-5219
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