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Support for Sensex at 14200: Gaba
Published on Wed, Jul 01, 2009 at 08:28  |  Updated at Wed, Jul 01, 2009 at 08:30  |  Source : Moneycontrol.com
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Technical Analyst, Prakash Gaba:

BSE Sensex (14494): We said ‘I would like to continue to maintain that the market is UP as long as supports at 14570 holds’. Well 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 support for the Sensex is 14200 and the resistance to the up move is at 14809-14800.

Nifty (4291): The support for the Nifty is at 4210-3820 and the resistance to the up move is at 4380.

 

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Tags: Technical Analyst,  Prakash Gaba, Nifty , Sensex
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