Yesterday: Indian Stock Market shoot up and broke all it’s resistance level on the back of Obama plan for toxic assets and closed in a positive zone.
Today: Indian Stock Market still looks up but we believe that due to profit booking market may see down movement after positive opening. If market wants to keep its journey with a positive note a lot will depend on European market. It is suggested to book profits when market opens
BSE Sensex: (9424) The support for the Sensex is 9300 and the resistance to the up move is at 9600-9700
NSE Nifty: (2940) The support for the Nifty is at 2920 and the resistance to the up move is at 3100-3050
Profits from our tip:
Our target on HDFC bank (890) achieved before our target time, it gave a profit of Rs 50 per share of HDFC Bank.