Yesterday: Market tanked down in few minute by another 500 points from the top and closed down by 250 points. Friday’s sell off is mainly done by reliance stock which melt down by 4-5%.
Today: Indian Stock Market is expected to open widely negative. Nifty is expected to open 1% down. It would be very interesting to see whether nifty will trade below 3900 mark and if it is so than we would see a level of 3800 in the nifty soon.
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BSE Sensex: (13504) The support for the Sensex is 13000 and the resistance to the up move is at 13600.
NSE Nifty: (4004) the support for the Nifty is at 3900 and the resistance to the up move is at 4050.
F&O Cues: FII were net buyers of 83 crore in Index Future and buyers of 675 crore in stock futures.