After a fall of about 600 points in the last few sessions, the Indian markets just managed to close flat yesterday. Sensex closed 0.22% down at 9015 levels and nifty closed up at about 2776, up by 0.22%. So its seems 9000 on sensex and 2750 on nifty are crucial support levels for the markets. Sensex is closing about 9000 levels since last 2 trading session.

Now if the 9000 levels are broken it can go down to 8,800 or 8,700 levels even in short term. Some of the gainers included DLF, ACC, Unitech,Educomp solutions and BPCL while the banks are still on a losing spree and ICICI and HDFC bank closed lower. The intra day calls given out yesterday performe well. The US markets were also directionless and closed flat in a volatile markets. The Asian markets like Nikkei-225 and Hang Seng are also looking directionles.

Nikkei-225 is up by 0.25% and Hang Seng was down by 1.1% currently. So we cannot expect much movement coming in the market as of today. The inflation figures are about to come today which almost came below 5% after a long time. Meanwhile Indian Rupee has also become weaker and touching 50 levels and Gold is at about Rs 15,010/10 gram. Gold seems to be a safer hedge against the volatile markets as  now.

Some of the stocks of interest could be NTPC,Bajaj Auto, Unitech,DLF,BPCL etc. The RBI strike could cause a delay in the settlement and getting the money from the sale of stocks. So it will be a wait and watch mode for the markets as of now.

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