Last Trading Session: Indian Stock Market closed negative due to worse global cues as well as lack of monsoon.
Today: Indian Stock Market is expected to open positive somewhere around 50-60 points on Nifty as global cues are better but most important level to watch out for is 4420. Indian stock market doesn’t show good signs. Overall market is weak due to lack of monsoon. Market may open up just because of global cues else market lacks luster. Short opportunities might be there but trading should be done cautiously.
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BSE Sensex: (15160) The support for the Sensex is 14940 and the resistance to the up move is at 15500.
NSE Nifty: (4481) The support for the Nifty is at 4420 and the resistance to the up move is at 4550-4600.