Market Review for 16th November 2009

BSE Sensex: (16849) We said ‘technically the up trend is still intact but there is a selling pressure near the 5000 mark and an overhang of resistance near the 5044 levels and a dip to around 4900 levels is not ruled out’ the market has closed right on our resistance of 5000…. Technically the trend is still intact up and has crucial support at 4936

The crucial support for the Sensex is at 16667 and logical technical target at 16860-17030

Nifty (4999) the crucial support for the Nifty is at 4936 and logical technical targets at 5044

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.