Sensex (14833): Well the market survived the onslaught and short covering came. We had always maintained that Short covering could come in near strong supports of 4448. The market never cracked 4448 and bounced very near it, looks like short covering could move the market up before the long weekend.

The support for the Sensex is at 14500-13462 and the resistance to the up move at 15480.

NSE Nifty (4533): The support for the Nifty is at 4448-4353 and resistance to the up move at 4640.

Source : MoneyControl

Sensex: (15761)

Nifty: (4746)

14.3.2008

We said ‘Technical the market is at a very crucial juncture…and I go back to my analysis of some weeks back where I had said the previous Sensex low of 15332 could be tested as the next strong support exists at 15003 and 14942 but Nifty low of 4449 is a line in the stone…and if that goes then we are in rough weather’

The market unfolded as expected…the Sensex tested the previous low of 15332 but Nifty low of 4449 stood its ground…

Technically the analysis is still the same…we have a very strong support at 15003 and at 14942 on the Sensex front and our Nifty low of 4449 is still a line in the stone…we have just a three day week as Thursday & Friday is a holiday and the market is not likely to show any fireworks…yes…short covering could hold the market near our strong supports…

The crucial support for the Sensex is at 15003-14942 the resistance to the up move at 16550

The crucial support for the Nifty is at 4455 and the resistance to the up move at 4800

From a trading point of view I would cover my shorts, as bounce is a possibility

Happy Trading,

Source : PRAKASH GABA

Market Review for 19th March 2008

Sensex :(14833) well the market survived the onslaught and short covering came…we had always maintained that Short covering could come in near strong supports of 4448…the market never cracked 4448 and bounced very near it…looks like short covering could move the market up before the long weekend...

The support for the Sensex is at 14500-13462 and the resistance to the up move at 15480

NSE Nifty: (4533) the support for the Nifty is at 4448-4353 and resistance to the up move at 4640

Source : PRAKASH GABA

Sensex (14809): Well there was too much of activity but the market is now very close to strong support of 4448. Will it survive is the big question. Now the last hope for a bounce is 4448 on the Nifty.

The support for the Sensex is at 14500-13462 and the resistance to the up move at 15700.

NSE Nifty (4503): The support for the Nifty is at 4448-4353 and resistance to the up move at 4640.

Source : MoneyControl

Market Review for 18th March 2008

Sensex :(14809) well there was too much of activity but the market is now very close to Strong support of 4448…will it survive is the big question. Now the last hope for a bounce is 4448 on the Nifty…

The support for the Sensex is at 14500-13462 and the resistance to the up move at 15700

NSE Nifty: (4503) the support for the Nifty is at 4448-4353 and resistance to the up move at 4640

Source : PrakashGaba

Market Review for 17th March 2008

Sensex :(15761) well the market survived the onslaught near our supports and closed positive for the day…now not much activity expected in this short 3 day week

The support for the Sensex is at 15480-15003-14942 and the resistance to the up move at 16422-15775

NSE Nifty: (4746) the support for the Nifty is at 4722-4700 and resistance to the up move at 4820-4885

Source : PrakashGaba.com