18th April

The Market opened at 3437.67 and for the first three trading session, the Sensex moved in the rage of 3469 - 3342. On the fourth trading day Sensex gained 236 points and closed at a very strong note. On Saturday Sensex opened with a gap of 121 points anticipating the victory of BJP's confidence Motion in the parliament. It touched 3709.55 and then on the news of fall of government, the Sensex fell like a dry leaf. This week the spread is of 414 points with the weekly top at 3709.55 and weekly bottom at 3295.65.

On the higher side, 3500 is the first level of resistance. If Sensex cross it then it should approach 3525 and them 3549. The cross over of 3549 with good volumes and Sensex sustaining beyond it should indicate Bulls taking charge of the Market. Once the Sensex crosses 3549 Bulls will have to maintain it beyond this level otherwise Markets will start showing weakness again.