Yesterday: Market opened positive n maintain it’s up move in the first half. But when market was nearer to its major resistance level of 4850 profit booking came in the market.
Today: Indian Stock Market would open flat to positive as global cues are mixed. Again overall trend would be positive only n major resistance would come at around 4855 and market would take that easily then next target would be 5000.
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BSE Sensex: (16124) The support for the Sensex is 16000 and the resistance to the up move is at 16248-16404
NSE Nifty: (4805) The support for the Nifty is at 4780 and the resistance to the up move is at 4855
F&O Cues: FII were net buyers of 816cr in index future & net buyers of 200cr in stock futures.
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