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Technical Analyst, Prakash Gaba:
BSE Sensex (16499): We said ‘Now if the market stays up then I would not rule out a reaction, as the market has still not traded in the lower regions, as it should have’. The market gave a reaction but that was more of just a dip and bounces back thereafter indicating brute strength and up move in the days to come.
The crucial support for the Sensex is at 16412 and logical technical target at 16667-16860.
Nifty (4898): The crucial support for the Nifty is at 4860 and logical technical targets at 4936-4993.
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