Market Review for 20th March 2009
BSE Sensex: (9002) we were expecting a sideways move as the market was a bit exhausted near the high of 9140, the upside seems to be limited at this point of time and as the market needs to consolidate in these regions which appears like a running correction if it has to climb any further but my worry is the F&O expiry coming up next week and so further profit booking is not ruled out and I would watch the crucial supports at 9100.
The support for the Sensex is 8900 and the resistance to the up move is at 9140-9378
Nifty: (2807) 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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