| Home > Weekly Review |
Weekly Review for the Week March 8th - 12th 2010
Nifty: (5089)
Sensex: (16994)
5.3.10
We said ‘Technically the bar generated for the week is a positive bar with an overhang of selling pressure near the 5100-5150 levels but I would keep my eye on the crucial support of 4850 for the first sign of weakness’
The market unfolded positive as expected and has stopped in our 5100-5150 ranges.
Technically the trend s still intact up but looks like the market is likely to find some selling pressure near the 5175 levels and support around 5000 levels…so looks like more of a sideways trend…
The support for the Nifty is 5000-4850 and strong resistance at 5125-5175
The support for the Sensex is at 16700-16500 and strong resistance at 17322
From a trading point of view I could trade long as long as 5000 holds…
|
| |
|
