Market Review for 29th October 2009

BSE Sensex: (16283) we said ‘so far the trends seems to be down and the next target on the way down is 4699’ the market managed to trade and closer lower… the day ahead is an F&O expiry day and 4800 is the region where short covering should come in…volatility is expected and stops could get triggered and 4780 has now become a crucial support…

The crucial support for the Sensex is 16144-15861 and the resistance is at 16474-16575

Nifty: (4826) the crucial support for the Nifty is at 4780-4699 and resistance is at 4888-4920

Labels: Market Review

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