Quotes with Resistance & Support
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Market Review for 20th May 2009
This article was posted on May 19, 2009 and is filed under Market Outlook
BSE Sensex: (14302) yes we did get a 2 day breakout after a consolidation as expected and the market found some selling pressure too which is but natural after a sustained strong up move…the ideal thing to do after a sustained up move is to take money home…the market technically on cycles front can still go up until 21st May though 19th May also was a Pressure day on the cycles front…I would be cautious…
The support for the Sensex is 13800 and the resistance to the up move is at 14452-16046
Nifty: (4318) the support for the Nifty is at 4150 and the resistance to the up move is at 4650-4775
source: Prakash Gaba
Tags: Indian Stocks, prakash gaba, sensex, share market, stock market, stocks
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