Last Trading session: Indian stock market opened with a negative gap on the back of the negative global cues but went up in afternoon and ended in positive region.
Today: Today Indian Stock market would open with gap up opening on the back of positive global cues. Market would be in uptrend until it breaches 4825. But this is only the correction and may go for other 2-3 days. One should book profits in this correction. For further investments again, we would say stay with cash till market breaches 4500 for Nifty. Till then its good time for trading but again a cautious trading.
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BSE Sensex: (16356) The support for the Sensex is 16140 and the resistance to the up move is at 16645.
NSE Nifty: (4900) The support for the Nifty is at 4827-4760 and the resistance to the up move is at 4965-5027.