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Last Trading Session: As we predicted yesterday, there would be some buying seen at lower levels and a strong resistance was seen near 5100 for Nifty. Market saw sideways movement through out the day.
Today: Today Indian stock market would open flat to negative. Now for last few days market has seen consolidated movements. From here we can expect some sharp movements be it up or down. It depends what traders and investors go for, long or short, market would move in direction of stoplosses and the further movement would be in same direction.
Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.
BSE Sensex: (16999) The support for the Sensex is 16900 and the resistance to the up move is at 17450.
NSE Nifty: (5055) The support for the Nifty is at 4990 and the resistance to the up move is at 5100-5160.