Yesterday: Indian Stock Market opened flat due to RIL’s bad result. It went up in early trading session but afterwards it was quite volatile and closed flat. Yesterday the interesting thing was RIL has not melt up as it was expected and it was very surprising that most FII’s still maintain their Hold/Buy rating in RIL well of course this was because they increase their holding in RIL since last two month but technically as well as fundamentally RIL would be underperformer in the market and that’s for sure.
Today: Indian Stock Market is expected to open negative as we had a mix economic data of US which drag down the Asian market’s as well but all eye’s are now on RBI’s monetary policy and if RBI would declare rate cut or increase economy outlook than one has to watch out for public sector banks but technically market would be volatile.
Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.
BSE Sensex: (15375) The support for the Sensex is 15000 and the resistance to the up move is at 15500.
NSE Nifty: (4570) 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 90 crore in Index Future and sellers of 100 crore in stock futures.
Results to be declared today: REC, Hind Uni, Bajaj Hind, Birla Copper, GVKPIL, Guj Gas, Grasim, GMDC, GNFC, GSPL.