Market Review -Nov 3 2009

BSE Sensex: (15405) we said ‘technically the market is still weak and any up moves that we get would be fake up moves that need to be sold’ the market gave an up move and finally cracked breaching 4700 and even the 4600 mark to close in the red and bounced from near our support of 4550…the market is over sold and a reaction is not ruled out…

The crucial support for the Sensex is at 15356-15113 and logical technical target at 15800

Nifty (4564) The crucial support for the Nifty is at 4550-4400 and logical technical targets at 4700