Yesterday: Indian Stock Market consolidated nearer to its resistance level of 16000. Market opened flat n move almost 130 points up n when it’s reach a level of 16000 again we witness profit booking in the market so overall market still in the consolidation range.
Today: Indian Stock Market is expected to open negative led by negative global cues. Last few sessions had created so many confusions means market has not decided which side to go but technically we believe that market should go down as technically we witnessed some weakness in the market.
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BSE Sensex: (15903) The support for the Sensex is 15500 and the resistance to the up move is at 16060.
NSE Nifty: (4694) The support for the Nifty is at 4650 and the resistance to the up move is at 4750-4777.
F&O Cues: FII were net sellers of 54 crore in Index Future and sellers of 52 crore in stock futures.