Yesterday: As predicted by us, Indian Stock Market opened with a negative gap and went down sharply. But due to partial short covering it recovered almost 250 points in mid session. At every higher level, shorts were seen which brought down the market to about 400 points.
Today: Indian Stock Market is expected to open flat to negative after yesterday’s big fall. We are expecting quite trading in the first half and than we may see both side movements but overall market will continue to trade in a negative zone.
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BSE Sensex: (13769) The support for the Sensex is 13500-13000 and the resistance to the up move is at 13960.
NSE Nifty: (4079) the support for the Nifty is at 4000 and the resistance to the up move is at 4135.
F&O Cues: FII were net sellers of 250 crore in Index Future and buyers of 274 crore in stock futures.