(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/market-review-for-3rd-december-2008/)
BSE Sensex: (8739) the market opened with a bear gap and moved up but yet closing in the negative. It was the short covering that drove the market up. A positive open is not ruled out.
The support for the Sensex is 8500 and the resistance to the up move is at 8898-8998
Nifty: (2658) the support for the Nifty is at 2650 and the resistance to the up move is at 2860-3113
Source : PrakashGaba