Yesterday: Indian market underperformed global market and went down almost 450 points. We have observed so many short positions on intraday basis so most of the traders are short on the nifty side.
Today: Indian Stock Market is expected to open flat with possible positive move even though global markets are in red but again shorting will come in picture and next support may be target for the market i.e. somewhere nearer to 14200.
Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.
BSE Sensex: (14522) The support for the Sensex is 14000-14200 and the resistance to the up move is at 14800.
NSE Nifty: (4356) the support for the Nifty is at 4260 and the resistance to the up move is at 4500.
F&O Cues: FII were net sellers of 1306 crore in Index Future and buyers of 6 crore in stock futures.