Benchmark indices are more likely to be influenced by global cues as they have been in the recent past. Domestic front, expectations have risen that the central bank would again cut interest rates in near future. Volatility may rise as derivative contracts for November 2008 series expire on Thursday, 27 November 2008. With a fall in Dollar Index, some buying could be seen in some commodity stocks. Today be prepared for sudden surprises with sharp positive and negative cuts in the market trends as market is standing on the crucial support of 8700for sensex and 2650 for sensex and today is the last day for F&O…

BSE Sensex: (8696) The support for the Sensex is 8700-8450 and the resistance to the up move is at 9635-10324.

NSE Nifty: (2654) the support for the Nifty is at 2650 and the resistance to the up move is at 2860-3113.

For any queries, comments and thoughts kindly post a comment below…