Yesterday: As we said, Indian Stock Market didn’t show any movements due to last day of F&O but closed positive by 50 points.
Today: Market has not shown any sign of strength so far and every high must be capped by shorts.
BSE Sensex: (8843) The support for the Sensex is 8750-8630 and the resistance to the up move is at 9030-9157
NSE Nifty: (2786) the support for the Nifty is at 2730-2685 and the resistance to the up move is at 2824
.
Today’s Pick:
- Sell L&T around 622 with a intraday target of 615-612
- Sell BHEL around 1430-1435 with a intra day target of 1418-1415
Profit booked through our yesterday picks:
- Cairn India might have given a profit of Rs 3 per share.
- HDFC didn’t reach our entry price, so trade was not executed.
[...] Bloggeron wrote an interesting post today onHere’s a quick excerptYesterday: As we said, Indian Stock Market didn’t show any movements due to last day of F&O but closed positive by 50 points. Today: Market has not shown any sign of strength so far and every high must be capped by shorts. BSE Sensex: (8843) The support for the Sensex is 8750-8630 and the resistance to the […] [...]