Yesterday: As we said, Indian Stock Market didn’t show any movements due to last day of F&O but closed positive by 50 points.

Today: Market has not shown any sign of strength so far and every high must be capped by shorts.

BSE Sensex: (8843) The support for the Sensex is 8750-8630 and the resistance to the up move is at 9030-9157

NSE Nifty: (2786) the support for the Nifty is at 2730-2685 and the resistance to the up move is at 2824

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Today’s Pick:

–          Sell L&T around 622 with a intraday target of 615-612

–          Sell BHEL around 1430-1435 with a intra day target of 1418-1415

Profit booked through our yesterday picks:

–          Cairn India might have given a profit of Rs 3 per share.

–          HDFC didn’t reach our entry price, so trade was not executed.