Last Trading session: As predicted by EquityPandit, Indian stock market opened with a small positive gap on the back of the positive global cues but went up sharply in afternoon and ended in positive region with a big gap. 

Today: Today Indian Stock market would open with negative trend. As we said yesterday, Market would be in uptrend until it breaches 4825. But this is only the correction and may go for other 2-3 days as too many shorts have been built up in market. One should book 50% profits in this correction. For investment purpose, investments should be done at every point as we expect market to go up after April 2010. But you should have enough cash in hand. Keep 50% of investment amount cash in hand so that you can invest at lower levels of Nifty by March 2010. Till then its good time for trading but again a cautious trading. 

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (16496) The support for the Sensex is 16300-16140 and the resistance to the up move is at 16645.

NSE Nifty: (4932) The support for the Nifty is at 4827-4760 and the resistance to the up move is at 4965-5027.