Yesterday: as we said, one should go long only when market hold 14000 mark. Market was not able to hold that level and corrected sharply from level of 13992 mainly due to profit booking ahead of F&O expiry.
Today: We are expecting positive gap up opening due to positive global cues but still we would like to stick to our point that go long only if market holds above 14000 mark.
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BSE Sensex: (13589) The support for the Sensex is 13400-13200 and the resistance to the up move is at 13800-14000
NSE Nifty: (4117) the support for the Nifty is at 4090 and the resistance to the up move is at 4200
Today’s Result:
Jindal Steel, Cairn, NIIT, BHEL, Britannia, Godrej Ind, Indra Gas