Yesterday: As we predicted, market open negative. Market was quite volatile yesterday but in a narrow region. No big movement was seen either side. Market movement was just directionless.
Today: Today again Indian stock market would open with flat. Market looks down until a mild support of 4950 for Nifty comes into picture another strong support would just be 4750 for Nifty. Some uptrend can be seen if Nifty closes above 5051 but a strong resistance would be seen at 5100 level till then Traders can short but keep booking profits at small levels.
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BSE Sensex: (16913) The support for the Sensex is 16660 and the resistance to the up move is at 17050.
NSE Nifty: (5042) The support for the Nifty is at 4990-4950 and the resistance to the up move is at 5050-5100-5183.
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