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Home > > Market Review for 7th October 2009

Market Review for 7th October 2009

BSE Sensex: (16959) we said ‘the market has closed above the psychological 5000 mark and if the market cracks the 5000 mark in the next trading session then we could see some more profit booking until 4900 levels’ the market unfolded as expected and the market bounced back from near the 4900 mark to close positive and above the 5000 mark…now looks like we may see some volatility and if the market goes up then there exists a strong resistance at 17079.

The crucial support for the Sensex is 16802-16500 and the resistance is at 17249

Nifty: (5027) the crucial support for the Nifty is at 5000-4900-4824 and resistance is at 5154
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