As we predicted yesterday that market was waiting for the package for reality and infrastructure, the market bounced back sharply.

As we know the package would be announced tomorrow (Saturday) in favour of Reality, Infrastructure and banking companies.

Indian stock market would be showing positive trend for coming two trading days i.e. Friday (today) and coming Monday. The market just needs to breach 9326 levels for sensex and then we should see a sustained up move as an effect of stimulus package.

BSE Sensex: (9230) The support for the Sensex is 8850 and the resistance to the up move is at 9320-9478-9630.

NSE Nifty: (2789) the support for the Nifty is at 2750 and the resistance to the up move is at 2860-3113.

So, trading can be done on some stocks for the two day session. Few good stocks to trade would be L&T, JPassociate, GMRinfra, Unitech, DLF and of course SBI.

So Stay connected and keep visiting to book profits.

For any comments, queries and thoughts kindly post your comment below…..