Yesterday: Indian Stock Market closed positive with 200 points on the sensex led by short-covering in the bank shares specially ICICI and SBI. The positive global cues were also supporting the market to stay above 4550 on the nifty.
Today: Indian Stock Market is expected to open positive say 40-50 points on nifty. But now 15600 is a big resistive zone for the market & still market up-move is driven by short covering and not because of fresh buying so today is the most important day for the market. Corporate results would play an important role to decide the market direction.
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BSE Sensex: (15388) The support for the Sensex is 15000 and the resistance to the up move is at 15600.
NSE Nifty: (4571) The support for the Nifty is at 4450 and the resistance to the up move is at 4630-4650.
F&O Cues: FII were net sellers of 151 crore in Index Future and sellers of 2 crore in stock futures.
Results to be declared today: Unitech, Aban, GMR Infra, ABB, Dish Tv, Orchid Chem, Adlabs, Suzlon, Tata Power, Rcom, Relcapital, TVS Motor