Last Trading Session: Market opened with a bull gap but again profit booking took place and market corrected sharply. But still it managed to close positive.
Today: Indian Stock Market is expected to open in negative zone due to weak global cues we may see some shorts at these levels but again we feel that until budget is declared, every dip is a buying opportunity. Now, 4610 is a strong resistive zone for Nifty and if it breaches this mark than we will see a target of 4700 on nifty. But it would be very difficult for the market to cross theses levels.
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BSE Sensex: (15104) The support for the Sensex is 15050-14800 and the resistance to the up move is at 15520
NSE Nifty: (4587) The support for the Nifty is at 4520 and the resistance to the up move is at 4789
F&O Cues: FII were net buyers of 1083 crore in Index Future and seller of 15 crore in stock futures.