Market Review for 18th March 2009
BSE Sensex: (8864) we had our target of 9065 but the market did not reach there and profit booking came in at our exact Nifty weekly level of 2805 which looks more like a technical selling …the trading pattern for the day is suggestive more of profit booking then actual selling and looks like now we may go in a sideways mode but if we get a new up move then we could see some more profit booking at our next technical levels…
The support for the Sensex is 8651 and the resistance to the up move is at 9065-9140
Nifty: (2757) the support for the Nifty is at 2704 and the resistance to the up move is at 2805-2843
source: Prakash Gaba
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