The Indian stock market trends may seem to be quite ambiguous for couple of days. Indicators wise it is still a bear market and selling would be seen but structurally it gives a feeling that market may close positive in the next trading session and shorts may be trapped. Looks like the market trends may be seen positive until F&O expiry (Thursday, November 27, 2008).

BSE Sensex: (8915) The support for the Sensex is 8450-8316 and the resistance to the up move is at 9635-10324.

Nifty Nifty: (2693) the support for the Nifty is at 2500 and the resistance to the up move is at 2860-3113.

The trading should be cautious. Sell at every increase in the market trend as we predicted the market trend. Stay connected and visit regularly to book profits.

For any queries, comments and thoughts about the market kindly post your comment below.