Now What!!

I think all of my stock idea did very well today. Even cements went up when market had fall. As of now i suggest book profit/loss and for close. If market closes below 13200 today one can see selling pressure to continue. Also inflation data for next week likely to be way below expectation. Let us see where we end at the end of the day.

I had clearly mentioned yesterday we are going up to close the gap that has been created by sensex when we were below 13000. Same thing was said in BRICS daily here is their quote "
The Sensex was able to maintain above 12800 the crucial trend decider and
the support of its range bound move between 12800 and 14726. For now,
13200 is resistance, above 13200 it is likely to move up to 13298(Nifty 3874);
there is a crucial resistance at 13298 to 13408 existing due to the falling gap
of the Sensex. Only a strong trade above 13408(Nifty 3908) would be positive
on the daily chart, else the bias would continue to remain negative." So unless we close above 13420, I dont see any reason for BULLS to be back in action!! Till that time I hold my view to Sensex range of 10k to 12k. Now only time can proove.