Yesterday: As we said, Indian Stock Market didn’t go up much despite other markets were up by 2-3%, and the same happened in yesterday’s trading session.

Today: Today also Indian Stock Market won’t see much movement unless RBI announce rate cut. But we may get strong opportunities for short if nifty reach the level of 2790-2800.

BSE Sensex: (8843) The support for the Sensex is 8600 and the resistance to the up move is at 9000.

NSE Nifty: (2736) the support for the Nifty is at 2680 and the resistance to the up move is at 2800-2810.

Today’s Pick:

–          Buy HDFC (1254) for delivery for a two month target of 1350-1400.

–          We strongly recommend to buy Cairn India as chart shows possibilities of solid upside and we revised our one month target from 170 to 175 as our team believes that crude is bottomed out and there won’t be any big fall in the price of crude.

Profit booked through our yesterday picks:

As we suggested buying

–          L&T at 628 for intraday, it might have given profit of about 20 Rs per share.

–          ICICI Bank didn’t reach our entry price of 338.

–          Reliance Industries at 1263 for intraday, it might have given profit of 18 Rs per share.

–          Reliance Capital at 376 for intraday, entry price was not reached so no trading in this stock.

So Stay connected and Keep visiting EquityPandit.com to book handsome profits in Stock Market.