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Yesterday: As we predicted, market open negative. Market was quite volatile yesterday but in a narrow region of just 40 points for Nifty. No big movement was seen either side. Market movement was just directionless.
Today: Today again Indian stock market would open with a negative gap of atleast 100 points for sensex. Market looks down until a mild support of 4950 for Nifty comes into picture another strong support would just be 4750 for Nifty. Next target for Market would be 4750. If market moves in positive direction by mid session strong resistance would be seen at 5100, from where market direction would sharply retreat.
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: (16894) The support for the Sensex is 16660 and the resistance to the up move is at 17050.
NSE Nifty: (5032) The support for the Nifty is at 4990-4950 and the resistance to the up move is at 5050-5100-5183.