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Market Review for 3rd September 2010 

Nifty (5486) we said ‘so the next point is 5510...the zone to watch is 5510-5520 and profit booking is expected around these regions’ the market unfolded as expected and stopped at 5514 right in our resistance zone and hitting our resistance point of 18356 like a dot and has closed mildly positive…technically the market is heading into a head wind and we could see profit booking in the upper regions…


The crucial support on the downside for the Nifty is 5350-5293 and resistance at 5460-5510

 

BSE Sensex: (17971) the crucial support on the Sensex on the downside is 17860-17630 and resistance at 18160-18260

 

Prakash Gaba
 
 
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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.

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