Market Review for 22nd October 2009

BSE Sensex: (17009) we said ‘technically the trends is still intact up as long 5090 holds and somehow it looks more like sideways trend’ the market weakened and breached the 5090 mark and that’s negative and I would say all is not lost as long as 4987 holds and that’s just 13 points below the strong psychological mark 5000

The crucial support for the Sensex is 16920 and the resistance is at 17185

Nifty: (5064) the crucial support for the Nifty is at 4987 and resistance is at 5100-5183

Labels: Market Review

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