Yesteday: As we predicted yesterday, Market would open positive but no one should trust this up move, market reacted in same way yesterday. Indian stock market started with uptrend and lost almost 150 points from its high but still manage to close positive.

Today: Indian stock market still looks good until it breach first level of 9220 for Sensex. Market may see some downtrend as US bank rescue plan was delayed and due to worse global cues. But overall market would be up for this week. Profit booking should be done at every up move in the market.

BSE Sensex: (9648) The support for the Sensex is 9500 and the resistance to the up move is at 9850.

NSE Nifty: (2935) the support for the Nifty is at 2900 and the resistance to the up move is at 3000.

Today’s Pick: Go short in Cairn India, Aban Offshore