Yesterday: As predicted by us market reacted to global cues and was down throughout the day. Unitech and DLF results also came under expected, which made market to fall steeply.

Today: Indian stock market would react to global cues. Market can still see some uptrend until it breaks 9000 mark of sensex. So its been suggested to trade cautiously and stay away from market until it move in +/– 100 mark from current level of sensex (i.e. 9150 for sensex at upper level or 8990 at lower level for sensex).

BSE Sensex: (9067) The support for the Sensex is 9000 and the resistance to the up move is at 9250.

NSE Nifty: (2767) the support for the Nifty is at 2700 and the resistance to the up move is at 2800.

Today’s Pick:  GVKPIL for the time of three month.

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