Yesteday: As predicted by us, Indian stock market opened with a down gap and managed to end flat with minute negative trend.
Today: Today is a make or break day for the Indian stock market. As IIP numbers & Inflation will be declared. That can turn around the market directional in either direction whatever the global situation may be so we recommend to stay away till those numbers are declared. Inflation is assumed to go down as compared to last week because of fuel price cut.
Indian stock market still market looks up. Market would surely react to global cues. Dow Jones ended with positive trend which is a plus point to Indian stock market.
BSE Sensex: (9619) The support for the Sensex is 9500 and the resistance to the up move is at 9850.
NSE Nifty: (2924) the support for the Nifty is at 2900 and the resistance to the up move is at 2995.
Important data to watch: Inflation, IIP numbers.
Today’s Tip: Go Long in Relcapital.