Yesterday, as we predicted, the market opened with a bear gap and moved up but yet closed in the negative. It was the short covering that drove the market up.

Today, the Indian stock market is assumed to open in Positive and if no good news comes throughout the day the market would again end in flat of negative although the global market is up.

BSE Sensex: (8739) The support for the Sensex is 8500 and the resistance to the up move is at 8898-8998.

NSE Nifty: (2658) the support for the Nifty is at 2650 and the resistance to the up move is at 2860-3113.

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