Yesterday: Indian Stock Market opened with a positive note and up till first half session it traded in a narrow range. But after noon session was all about reliance and cement sector when market suddenly jumped over 400 pts and closed at 4524 nearer to its resistance level.
Today: Indian Stock Market is expected to open positive mainly because of positive global cues but today quarterly earnings of some big corporate like Reliance, HCC, Gail which would decide further direction of the market. Some market participant told that Reliance may declare its results during market hours and it is expected that it would surprise the market and if it is so than next target for the market would be 4650.
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BSE Sensex: (15231) The support for the Sensex is 15000 and the resistance to the up move is at 15500.
NSE Nifty: (4524) The support for the Nifty is at 4450 and the resistance to the up move is at 4605.
F&O Cues: FII were net buyers of 153 crore in Index Future and sellers of 170 crore in stock futures.
Results to be declared today: Reliance, RPL, HCC, Hind Motor, Gail, Ciat, Ranbaxy, Jet Airways, CRISIL, Shriram Trans