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Daily Review

Market Review for 10th March 2010

(Henceforth what I write here on this site would have more insights then the other sites I write for)

Nifty (5102) we said â€˜Technically the trend is still intact up with crucial supports at 5070â€™ the market has once again remained range bound but above the crucial supports of 5070â€¦ technically the market is expected to have a big day in the next trading sessionâ€¦trend is still intact but profit booking in upper regions s not ruled outâ€¦

The crucial support on the downside for the Nifty is 5070-5030 and resistance at 5125-5175

BSE Sensex: (17053) the crucial support on the Sensex on the downside is 16925 and resistance at 17109-17272

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.