The market has traded sideways during last two days as noted in previous ‘Market Outlook’. Overall, many of the market participants are showing caution to the FDI vote and its possible impact on the market.

SENSEX has support at 18990 while it faces resistance at 19430 & 19600 levels.

We expect the market to continue the upmove with good support at 18990 level. Look-out for Target of 19470 & 19600 levels. Booking partial profits at current levels should note hurt. Avoid short positions at least for now.