Yesterday: As predicted by EquityPandit.com, Indian Stock Market traded in narrow range, neither much high nor much low.

Today: Indian Stock Market still trade in narrow range. Yesterday Dow broke its physiological support of 7500 and sitting on its final technical support of 7461 so still the market would be directionless but it will trade in negative zone only. The Sensex is trading between two crucial points of 9115 and 8975, if any of these levels is breached, the direction would continue in that side itself.

BSE Sensex: (9043) The support for the Sensex is 8870 and the resistance to the up move is at 9450.

NSE Nifty: (2789) the support for the Nifty is at 2730 and the resistance to the up move is at 2810-2900.

Today’s Pick:

– Short RIL, DLF, HDIL

– Buy Cairn India on delivery

Important Note: See EquityPandit.com analysis for Indian Stock Market direction Analysis: Indian Stock Market direction .