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Daily Review

Market Review for 3rd July 2009

BSE Sensex: (14658) we said â€˜some more bounce until the budget is not ruled out and what we are actually witnessing is a sideways moveâ€™ the market once again traded sideways with no signs of any directionâ€¦looks like a directionless market until the budgetâ€¦

The support for the Sensex is 14500 and the resistance to the up move is at 14809-15000

Nifty: (4349) the support for the Nifty is at 4292 and the resistance to the up move is at 4380-4400

Prakash Gaba CFT, MSTA (London) Call : 0-9322210907 Email : prakashgaba@hotmail.com

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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.