Yesterday as we saw the market opened above 9236 but could not sustain the level and lost all its gain by closing in the negative. We could now see some more volatility but the market may come down. Political uncertainty ahead of state elections will continue to weigh on the market.

BSE Sensex: (8840) The support for the Sensex is 8700-8612-8532 and the resistance to the up move is at 9192.

NSE Nifty: (2683) the support for the Nifty is at 2650 and the resistance to the up move is at 2860-3113.

We should wait for making any buy position at this level.

Visit our first part of the series of analysis for the Best stocks to invest in for 2 year horizon – Part 1

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