Yesterday: Market opened with a bull gap n continuously consolidated around that level only. Not much movement in nifty but we have witnessed some stock specific buying in the market.

Today: Indian Stock Market would open flat to positive led by good global cues. Technically again overall structure of the market remains strong as bull has upper hand over bear unless 4950 to be break decisively. And if that support would gone than next target for the sensex is 4840.

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BSE Sensex: (16853) The support for the Sensex is 16800 and the resistance to the up move is at 17000.

NSE Nifty: (5007) The support for the Nifty is at 4950 and the resistance to the up move is at 5020 

F&O Cues: FII were net buyer of 158cr in index future & net buyers of 418cr in stock future