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 was seen range bound between our predicted support and resistance levels.

Today: It is tough to trade in this market so if you are trader its time to stay away from the market and watch the direction of the market, the market is still down and FIIs are also booking profits daily. Market would remain range bound only so go long only when it crosses 9400.

BSE Sensex: (9091)The support for the Sensex is 9000 and the resistance to the up move is at 9400.

NSE Nifty: (2780) the support for the Nifty is at 2700 and the resistance to the up move is at 2850.

Today’s pick: Go short in Ispat ind

Data to watch: Vote on US stimulus package, Indian third stimulus package.

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