Market Review for 28th October 2009

BSE Sensex: (16353) we said ‘the market has cracked and closed below 4987 mark thus comprising the up trend but I still think 4900 will hold until F&O expiry and violent up move is still not ruled out to trap the shorts’ the market cracked the 4900 mark and confirmed the termination of the up trend…so far the trends seems to be down and the next target on the way down is 4699…

The crucial support for the Sensex is 16221-15861 and the resistance is at 16721

Nifty: (4847) the crucial support for the Nifty is at 4699 and resistance is at 4961

Labels: Market Review

Disclaimer:-Past performace is not a guarantee of future returns! Above matter is technical analysis based on & conceieved from charts, which are believed to be authentic over long long time. All recommendations posted here are purely for information view. The Author may or may not have any position In the given Recommendations. We are not responsible for your Loss as trading is highly risky. Please Make your own decision and it is a best practice to consult A Financial Consultant Or A Broker.The author won't be liable or responsible for any legal or financial losses made by anybody.