Last Trading Session: As we said, Indian Stock Market opened in a negative zone and recovered sharply but at 11:00 AM, Market went sharply down and closed down by 400 points due to reliance Industries losing the RIL-RNRL case.
Today: Indian Stock Market is expected to open in a wide negative zone mainly due to global cues and reliance but we can say some support can emerge around 14600 and we will see continue profit booking as well as shorting.
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BSE Sensex: (14875) The support for the Sensex is 14600 and the resistance to the up move is at 15000.
NSE Nifty: (4482) The support for the Nifty is at 4405 and the resistance to the up move is at 4550-4610.
F&O Cues: FII were net sellers of 397crore in Index Future and seller of 140 crore in stock futures.