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Market Review for 27th March 2009

This article was posted on Mar 26, 2009 and is filed under Market Outlook

BSE Sensex: (10003) we were expecting a sharp up move despite the indicators being in overbought territory and the market obliged. The market has crossed the magic 10000 milestone and has also managed to close above it. Technically the trend is still intact up but strong resistance exists at 10201. I would be cautious…

The support for the Sensex is 9740 and the resistance to the up move is at 10201

Nifty: (3082) the support for the Nifty is at 3140 and the resistance to the up move is at 3142-3184

source: Prakash Gaba

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