BSE Sensex: (9385)The support for the Sensex is 9267-8940 and the resistance to the up move is at 9705.
Nifty: (2810) the support for the Nifty is at 2746-2630 and the resistance to the up move is at 2900.
The market was week as expected on Friday but now the market is resting on strong support and if it breaches this support then we may see some big downside. As we suggest PSU banks is good for short term prospective so if u want to do trading than u can in SBI and HDFC.
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Daily Advices
i feel mkts have more downside than upside now. news flow is too bad and political situation is also not conducive now. too many distractions at this point of time.
@Raj: you are right Raj. Market in future is going to see more downtime, thats why we suggest our investors to wait and the present time is for short term investments, may be couple of days…..