Yesterday, the Indian stock market opened with a bull gap and continued its journey up and broke out of the 2-week consolidation. looks like the 10000 mark is within reach…
BSE Sensex: (9655) The support for the Sensex is 9450 and the resistance to the up move is at 10000-10324.
NSE Nifty: (2928) the support for the Nifty is at 2860 and the resistance to the up move is at 3113.
Well bailout package for auto industries worked as a huge positive surprise.
As market crossed 2800 resistance levels, some buying signals are seen. Buying can be done for short period and profit can be booked in it within a day or two because any time a sudden downtrend can be seen. Remember it is a bear market.
For any comments, queries and thoughts kindly post a comment below…..