Market Review for 26th October 2009

BSE Sensex: (16811) we said ‘I would say all is not lost as long as 4987 holds and that’s just 13 points below the strong psychological mark 5000’ and that’s where the market has closed right on the dot and if the market manages to stay above it in the next trading session then I would say the trend is still intact up…will it’ well the market has managed to stay above 4987 and so I would say the trend is still intact UP

The crucial support for the Sensex is 16764-16682 and the resistance is at 17016-17107-17198

Nifty: (4997) the crucial support for the Nifty is at 4987-4936 and resistance is at 5060-5100
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