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Market Review for 9th February 2010
(Henceforth what I write here on this site would have more insights then the other sites I write for)
Nifty (4760) we said ‘technically the trend is still down but a stoppage of slide is not ruled due to the oversold condition of the market’ the market unfolded as expected and the slide stopped right on our support like a dot on 4675 and the market closed in the green…technically the trend is still down but it still requires one more plus day for the market to have some sustained up moves…
The crucial support on the downside for the Nifty is 4673-4499 and resistance at 4918
BSE Sensex: (15936) the crucial support on the Sensex on the downside is 15628 and resistance at 16469
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