Yesterday: Indian stock market closed with positive note.

Today: The Indian Stock Market would again open with a positive trend. Now market has developed a very strong resistance of 4800 for Nifty. It would be interesting to see for what time it would be able to go up. Budget is approaching and we would suggest to stay away now and just watch market direction as budget may force market to move in either direction sharply.  

BSE Sensex: (16227): The support for the Sensex is 16000-15860 and the resistance to the up move is at 16470.

NSE Nifty: (4856) the support for the Nifty is at 4800-4740 and the resistance to the up move is at 4920.