Last Trading session: Indian stock market opened with big gap down opening due to bad global cues n went below its important support level of 4980.But thanks to good results provided by RIL & Bharti market still manage to closed above a level of 5000.
Today: Today again Indian stock market would open flat to negative on the back of weak global cues. Again We would be shorting at a level below 5050 and also below 4980 level. Till than we would wait for these level.
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BSE Sensex: (16860) The support for the Sensex is 16500 and the resistance to the up move is at 17000.
NSE Nifty: (5036) The support for the Nifty is at 4980 and the resistance to the up move is at 5050.
F&O Cues: FII were net sellers of 1563cr in index future & buyers of 831cr in stock future.