Quotes with Resistance & Support
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Market Review for 19th March 2009

This article was posted on Mar 18, 2009 and is filed under Market Outlook

BSE Sensex: (8978) we were expecting profit booking at our next technical level and that was 9140 and the market saw the high at 9140 where profit booking came in also. I would saw that the trading pattern for the day looks more like an exhaustion pattern and an exhaustion day near our targets some how tells me that the upside is limited, so we might see some selling pressure building up as we climb higher and so a sideways move is not ruled out…crucial support to watch would be 8950

The support for the Sensex is 8950 and the resistance to the up move is at 9140-9378

Nifty: (2795) the support for the Nifty is at 2750 and the resistance to the up move is at 2848-3142

source: Prakash Gaba

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