Yesterday: Was another day when bull simply stretched the market way beyond technical. Yesterday it was a day of Reliance Ind & Technology shares. Apart from that no other stock had shown any big up-moves. Madcap and small cap were also quiet. But overall market broke a level of 4500.
Today: Indian Stock Market is expected to trade in a positive zone with some profit booking as market is now in a resistive zone of 4500-4670. It would be very interesting to see how market would close today but one thing is very sure market is now Sensex is set to touch its high of 15600.
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BSE Sensex: (15191) The support for the Sensex is 15000 and the resistance to the up move is at 15500.
NSE Nifty: (4502) The support for the Nifty is at 4450 and the resistance to the up move is at 4605.
F&O Cues: FII were net buyers of 893 crore in Index Future and sellers of 385 crore in stock futures.
Results to be declared today: Yes Bank, Wipro, Renuka Sugar, Thermax Ltd., Chambal Fert., Dr Reddy Lab