Yesterday: Indian Stock Market totally surprised us and broke all its resistance levels. Sensex went up by 480 points.
Today: Right now Indian Stock Market neglected all the negative news like worse than expected IIP numbers and also it is not following any global trend as yesterday most of the Asian markets were down. Indian stock market simply moved up and trapped all the shorts and set a next logical target of 12500-12600.
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BSE Sensex: (12158) The support for the Sensex is 12000 and the resistance to the up move is at 12530.
NSE Nifty: (3681) The support for the Nifty is at 3650 and the resistance to the up move is at 3700-3750.