Yesterday: As we said market open flat and went up even though global markets were in red. But again at higher level shorts came into picture which drag down the market and market lost almost 250 points.
Today: Indian Stock Market is expected to open positive but we have doubt whether these levels are sustainable or not so we would be out of the market as we may see lots of selling by FII’s so it’s a difficult call to take unless market shows sustainable strength for few days.
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BSE Sensex: (14266) The support for the Sensex is 14000 and the resistance to the up move is at 14450.
NSE Nifty: (4251) The support for the Nifty is at 4200-4150 and the resistance to the up move is at 4310.
F&O Cues: FII were net sellers of 220 crore in Index Future and sellers of 220 crore in stock futures.