Last Trading Session: As predicted by EquityPandit.com, Market opened flat and went down almost 80 points. Market bounced back smartly even though global markets were in the red, mainly due to action plan unveil by our PM to achieve GDP growth of 8-9%.
Today: Indian Stock Market is expected to open flat with positive bias mainly due to positive global cues but again we are very nearer to our major resistance level of 4610. We still believe that market wont cross this level but if it does than we will see a level of 4700-4750 soon.
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BSE Sensex: (15127) The support for the Sensex is 15000 and the resistance to the up move is at 15480-16046.
NSE Nifty: (4551) The support for the Nifty is at 4500 and the resistance to the up move is at 4620-4789
F&O Cues: FII were net buyers of 267crore in Index Future and seller of 486crore in stock futures.