Quotes with Resistance & Support
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Market Review for 7th May 2009

This article was posted on May 6, 2009 and is filed under Market Outlook

BSE Sensex: (11952) the market has broken the 12000 support but has not cracked and stayed put…this seems to be more like a consolidation after a 700 point single day rise…a further sideways consolidation is not ruled out and we must not forget that the market has a strong resistance near the 12500 zones…

The support for the Sensex is 11678 and the resistance to the up move is at 12569-12857

Nifty: (3625) the support for the Nifty is at 3600 and the resistance to the up move is at 3735-3820

source: Prakash Gaba

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