Yesterday: As we predicted, Indian Stock Market opened with a bull gap and went up continuously. Market closed above its crucial resistance of 4200.
Today: Indian Stock Market is expected to open with big bull gap about 50-60 points on the nifty but again market would see some profit booking so we advice to book the profits in the market wait till some time and again enter in the market once it crosses it’s major resistance level of 4320.
Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.
BSE Sensex: (14253) The support for the Sensex is 13700 and the resistance to the up move is at 14500.
NSE Nifty: (4234) The support for the Nifty is at 4100 and the resistance to the up move is at 4320.
F&O Cues: FII were net buyers of 543 crore in Index Future and buyers of 456 crore in stock futures.
Results to be declared today: Bajaj Auto, L&T, Welspun, ZEE, Exide, ICI Ind