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Advice for – Tuesday, December 29, 2009

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Last trading session: As we predicted, Market went up sharply due to short covering with a little bit low volume most of the players were out of the market as for now.


Today: Today again Indian stock market would open positive. Market should go around 5220 where it would find some resistance but I would be in the market as far as 5100 hold in the nifty.


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BSE Sensex: (17360) The support for the Sensex is 17000 and the resistance to the up move is at 17500.


NSE Nifty: (5178) The support for the Nifty is at 5051-5100 and the resistance to the up move is at 5183-5220.