Published on Tue, Jul 14, 2009 at 08:49 | Source : Moneycontrol.com
Updated at Tue, Jul 14, 2009 at 08:51
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Sensex has resistance at 13700-13937: Gaba
The support for the Sensex is 12715-12600 and the resistance to the up move is at 13700-13937. The support for the Nifty is at 3870 and the resistance to the up move is at 4040.
BSE Sensex (13400): We said 'the market is weak whether we accept it or not' and the market traded negative and closed in the red. But the market is now stretched on the downside and so I would not be surprised if we get a technical bounce back. If the market closes in the green in the next trading session then we should see an upmove for the next few days and we could witness shorts being trapped in the bargain.
The support for the Sensex is 12715-12600 and the resistance to the up move is at 13700-13937.
Nifty (3974): The support for the Nifty is at 3870 and the resistance to the up move is at 4040.
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