Yesterday: Indian Stock Market went down sharply in the afternoon around our resistance level of 2800 for Nifty and closed at 2757 for Nifty.

Today: Indian Stock Market still looks up. We firmly believe that market should go high but make long position only when it crosses the target of 9100.

BSE Sensex: (8864) The support for the Sensex is 8700 and the resistance to the up move is at 9100-9150.

NSE Nifty: (2757) the support for the Nifty is at 2700 and the resistance to the up move is at 2800-2850.

Today’s Pick:

Buy HDFC Bank (CMP: 828) on delivery basis with one month target of 880.