We were proved right again in our yesterday's post (click here to see it yourself)where we had predicted the support of 5487 and the market bounced from 5486.85.
The critical point for today is the resistance of 5622 which if conquered may see the benchmark head up north with further resistances at 5542, 5576 and 5598.
On the other hand the supports are at 5483 and 5448.
Our outlook continues to be negative and playing on short side is advised to the short-term players at higher levels.
Mid term investors may bid HCL tech at 882.95 and Hindustan Zinc at 98.85 in small quantities.
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