Yesterday: As we predicted strong support was seen at 9035 and 9000 levels for sensex. Indian stock market opened with uptrend as already predicted beforehand and managed to close with positive index.

Today: Indian stock market looks weak now as profit booking occurs at every higher level of market. Market is direction less today and can move in any direction considering support and resistance levels as constraints. However, nifty managed to close above 2800, which may be good for the market.

BSE Sensex: (9202) The support for the Sensex is 9000 and the resistance to the up move is at 9400.

NSE Nifty: (2803) The support for the Nifty is at 2700 and the resistance to the up move is at 2850.

Data to watch: 

–       Inflation

–       Hope for anther stimulus in India

–       Global market

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