Yesterday: As predicted by us, short covering rally lift the Indian stock market and closed above 9000.

Today: Indian stock market still looks up and may see some good uptrends. Some more short covering rally may be seen as tomorrow is F&O expiry day. Today is the time to square off all the position and book profits.

BSE Sensex: (9004) The target for the Sensex is 9100. The support is at 8845 and the resistance to the up move is at 9200-9250

NSE Nifty: (2771) the target for the Nifty is at 2800.The support is at 2770 and the resistance to the up move is at 2810-2830

Todays pick: Stay away till this F&O expiry and square off all the positions.

Data to watch: Third quarterly results, Global market.

Important Note:  As this is the time to save tax and make better investments, EquityPandit.com is going to publish a complete series of Tax-Saving, where you would find:

–       How much tax you will have to pay?

–       What are various tax exemptions?

–       How to save tax?

–       What should be the best investment strategy to save tax and better returns?

So stay connected with EquityPandit.com and save tax and get better returns.

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