Yesterday: Was a consolidation day for the market as market opened with a huge positive gap led by positive global cues but fail to sustain the gain as European market opened negative. But interesting thing was market won’t cross its resistance level of 4850 at the time of closing.

Today: Indian Stock Market would open pretty flat as global cues are quite mixed but again if market would go down than 4800 is very good support for buying. Again analysis would remain same if nifty closed above 4850 than 5000 would be the next target.

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BSE Sensex: (16212) The support for the Sensex is 16000 and the resistance to the up move is at 16404

NSE Nifty: (4819) The support for the Nifty is at 4800-4780 and the resistance to the up move is at 4855

F&O Cues: FII were net buyers of 495cr in index future & net sellers of 209cr in stock futures.