Yesterday: Indian Stock market cracked due to lack of few announcements in the budget. Nifty breached all its support levels and closed below 4200.
Today: Indian Stock Market is expected to open flat to positive may be due to partial short covering but technically nifty would go below 4000 for sure so best move for those who has made short yesterday is do not square off your position even if sensex moves up by 200-300 points and those who haven’t made any position can short @ every higher level.
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BSE Sensex: (14043) The support for the Sensex is 13500 and the resistance to the up move is at 14890.
NSE Nifty: (4166) The support for the Nifty is at 4100 and the resistance to the up move is at 4250.
F&O Cues: FII were net sellers of 982 crore in Index Future and sellers of 172 crore in stock futures.