On the Indian stock market..

The intra-day traders may keep in mind that the market looks inconclusive and weak in the face of the impending settlement and the over bought positions in F&O segment may cause it to slide even lower.

The support of 6108 is very crucial for today which if taken out will result in  a decrease in the commitment by the market players and slowing the speed of ascent, the benchmark in which case may slide down to the 6070 mark.

However, to resume the current trend of strong bull run, the index should conclusively conquer the resistance of 6187 and stay above 6108 throughout the trading session. 6122, 6134 and 6152 are minor intra-day resistances.

In case the market slides down, the mid term investors may bid small quantities of HDFC bank around 699.95 and if this level is breached then at 690.65.

For those accumulating ITC, they may bid small quantities at 326.75 and then at 309.30. 

In case the index moves up north try to rid your portfolio of the non- performers in it.