Market Review of Nifty and sensex for 4th April 2011

Nifty (5826) we said ‘technically  5879 still is a strong resistance to deal with’ the market unfolded as expected and did not cross 5879 and stayed put… technically the market is still up but we must not ignore the importance of a stiff resistance at 5879 but if that gets taken out then the next logical target could be 5956…  
         
The support for the Nifty is at 5780 and resistance at 5879-5856   
         
BSE Sensex: (19420) the crucial support on the Sensex on the downside is 19285 and resistance at 19584-19842.

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