Sensex has target of 16156-16280: Gaba

Published on Fri, Nov 06, 2009 at 08:41 |  Source : Moneycontrol.com

Updated at Fri, Nov 06, 2009 at 08:43  

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Sensex has target of 16156-16280: Gaba

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Technical Analyst, Prakash Gaba:

BSE Sensex (16063): We said 'technically a 2-3 day up move is not ruled out as long as 15500 holds'. Well the market reacted and 15500 held and the market moved up closing in the positive. Now the target is 16156 and beyond that to 16280 if it stays up.

The crucial support for the Sensex is at 15900 and logical technical target at 16156-16280.

Nifty (4766): The crucial support for the Nifty is at 4700 and logical technical targets at 4784.

  

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