Yesterday: As we predicted, the Indian stock market started down and continued down till the first session and a strong support was seen at level 9040 for sensex. It bounced back from the predicted support level and was able to end with some uptrend.
Today: Indian stock market looks up and strong until it breaks 9000 mark for sensex, some support would be seen at 9035 level for sensex but a strong support stays at 9000 level for sensex.
BSE Sensex: (9160) The support for the Sensex is 9000 and the resistance to the up move is at 9400
NSE Nifty: (2767) the support for the Nifty is at 2700 and the resistance to the up move is at 2800
Today’s pick: Go short in RELCAPITAL @ every higher level.
Data to watch: Global market cues, some third quarterly results.
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