Yesterday: As we predicted, Indian Stock Market open in green and went down due to profit booking. It recovered sharply again and closed flat.
Today: Indian Stock Market is expected to open in negative zone due to weak global cues and expected to be a range bound through out the day. But we would not like to trade unless nifty shows clear movement on either side.
BSE Sensex: (14871) The support for the Sensex is 14650 and the resistance to the up move is at 15000.
NSE Nifty: (4531) the support for the Nifty is at 4500 and the resistance to the up move is at 4549.
Data to watch out: Inflation
GMR Infra, Power Finance, Sundram Fast
FII net bought 375 cr in Index Future and net sellers of 278 cr in stock futures.
Stock to watch out:
Lakshmi Energy & Foods, Hinddorrol