Friday: Indian stock market went beyond technical and fundamentals. It was expected that nifty will reach 4400 if it breaks 4320 in a two to three days. But in a single day, nifty broke 4320 and also tested 4400.
Today: Indian Stock Market is expected to open flat even though Asian market trades 1-1.5% up as we went up quite sharply so bull should take breath for quite some time. We also expected profit booking at these levels but now every small dip is a buying opportunity.
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BSE Sensex: (14745) The support for the Sensex is 13700 and the resistance to the up move is at 15000.
NSE Nifty: (4375) The support for the Nifty is at 4100 and the resistance to the up move is at 4450.
F&O Cues: FII were net buyers of 691 crore in Index Future and sellers of 272 crore in stock futures.
Results to be declared today: Essar Oil, Sterlite Tech, Triveni Engg., Merck Ltd, IDFC, JSW Steel