Market Review for 9th October 2009

BSE Sensex: (16844) we said ‘but the important thing to remember is that the market is up as long as 4900 holds and any close below the 4900 mark by the end of Friday evening will be bearish for the market in the coming days’ the market has traded in a very tight sideways zone and has managed to stay above the 4900 mark…now this 4900 mark is a very crucial support for the market for tomorrow and for the week and a big day ahead of us is not ruled out either UP or DOWN and the market can still be considered UP as long as 4900 holds…

The crucial support for the Sensex is 16500 and the resistance is at 17072-17249

Nifty: (5002) the crucial support for the Nifty is at 4900-4824 and resistance is at 5069-5154

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.