Published on Fri, Nov 20, 2009 at 08:49 | Source : Moneycontrol.com
Updated at Fri, Nov 20, 2009 at 08:51
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Support for Sensex at 16423: Gaba
The crucial support for the Sensex is at 16423 and logical technical target at 16960. The crucial support for the Nifty is at 4873 and logical technical targets at 5040.
BSE Sensex (16786): We said 'we are expecting a strong move now and it's either up or its down, stops will get triggered and that should move the market'. The market unfolded weak after a 3 days of selling pressure and triggering stops and the market closing right on our support of 4990 like a dot, so far the market looks down and we may see some volatility.
The crucial support for the Sensex is at 16423 and logical technical target at 16960.
Nifty (4989): The crucial support for the Nifty is at 4873 and logical technical targets at 5040.
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