Market Review for 21st October 2009

BSE Sensex: (17223) we said ‘technically the trend is still intact UP but I would not rule out VOLATILITY as the market is at a very crucial juncture’ the market has achieved its target of 5154 and there is no sign of weakness as yet…technically trend is still intact up as along 5100 holds’ the market unfolded volatile first climbing up hitting our resistance of 5183 like a dot and then cracking…technically the trends is still intact up as long 5090 holds and somehow it looks more like ways trend…

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

Nifty: (5114) the crucial support for the Nifty is at 5090 and resistance is at 5183-5219

Labels: Market Review

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