Published on Thu, Jul 02, 2009 at 08:33 | Source : Moneycontrol.com
Updated at Thu, Jul 02, 2009 at 08:36
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Sensex has resistance at 14809-15000: Gaba
The support for the Sensex is 14500 and the resistance to the up move is at 14809-15000. The support for the Nifty is at 4292 and the resistance to the up move is at 4380-4400.
BSE Sensex (14645): We said 'the market has breached the crucial support and we might see some bounce as the budget is approaching but the best thing to do is to sell the bounce and book profits on the way up with a larger time frame'. The market unfolded as expected and we got to see the bounce too. Some more bounce until the budget is not ruled out and what we are actually witnessing is a sideways move.
The support for the Sensex is 14500 and the resistance to the up move is at 14809-15000.
Nifty (4341): The support for the Nifty is at 4292 and the resistance to the up move is at 4380-4400.
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