Yesterday: As we predicted, market bounced back from the support levels and closed with positive trends.
Today: Market movements would be biased towards upside. But it would neither go too up nor too down. Market would be range bound. Market would see downside direction sharply only if Nifty breaches the support of 2900 and upside direction would be seen if Nifty breaches 3150. So till then wait and watch.
BSE Sensex: (9708): The support for the Sensex is 9330 and the resistance to the up move is at 9900.
NSE Nifty: (3021) the support for the Nifty is at 2900 and the resistance to the up move is at 3050.
Data to watch: US consumer confidence for March.