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Market Commentary By SMC
September 3, 2010
 
"It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble."
- Warren Buffet
 
 
IndiaNotes Blog
 

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Market Review for 3rd September 2010

Nifty (5486) we said `so the next point is 5510...the zone to watch is 5510-5520 and profit booking is expected around these regions' the market unfolded as expected and stopped at 5514 right in our resistance zone and hitting our resistance point of 18356 like a dot and has closed mildly positive...technically the market is heading into a head wind and we could see profit booking in the upper regions...

The crucial support on the downside for the Nifty is 5470 and resistance at 5510-5540

BSE Sensex: (18238) the crucial support on the Sensex on the downside is 18200 and resistance at 18356-18390

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