As we have seen yesterday, market already reached our assumed level of support i.e. 9700 for Sensex and 2907 for Nifty. Now the next support level would be 9325 for Sensex and 2871 for Nifty. RIL’s good result can’t help much.

So market is rushing towards EquityPandit.com’s assumed bottom target of 8310-8500, as we already had an analysis in our earlier post Indian stock Market, a copy of its own History.
Now if the market has to go up then it still requires one UP day and that should be enough, until then, there is tough times ahead.