INDIAN STOCK MARKET
Indian market is uncertain for today and tomorrow owing to Gujarat (& Himachal Pradesh) elections. Heavy volatility may prevail in the domestic stock market. It is going to be a broad range day. At the higher level, profit booking is possible. Next day, trend may be negative.
On Wednesday, market shall be back to positive trend. It would again turn negative for Thursday-Friday.
The next week is short due to XMAS holidays. In the first half of next week, market may go through correction.
Nifty has support at 10200 and resistance at 10500 while Bank Nifty has support 25200 and resistance at 25800.
Intraday traders must be alert. As stop loss might not make sense in today’s broad range.
From 11.00 to 12.30 HRS IST, market shall be negative. From 12.30 to 13.30 HRS IST, market may recover.
From 13.30 HRS IST to closing, market shall be highly uncertain. Heavy volatility is possible. Closing shall be bearish.
NIFTY FUT: 10450-10250
BANK NIFTY: 25800-25200
OUR STBT: NIFTY, BANK NIFTY, TATA STEEL, SBI, BANK OF BARODA