Yesterday: Market opened with gap up opening & as we said due to high resistive zone it went down sharply led by RIL & IT stocks n closed below the level of 5000.

Today: Indian Stock Market would open with big positive gap as RIL would likely to outperform the market mainly due to its bonus issue n very deadly for F&O traders as RIL would affect overall sentiment of the market and most of the traders are in bearish mode they found them self trapped. In our previous advice also we told that this is not the right time for the F&O traders as they may found trapped them self in both side movements. Today morning many of our operators sold RIL around a level of 2320-2330 in the off market. So lets see what would happen in the morning trade.  

Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (16806) The support for the Sensex is 16800 and the resistance to the up move is at 17200.

NSE Nifty: (4986) The support for the Nifty is at 4950 and the resistance to the up move is at 5050-5100.

F&O Cues: FII were net buyers of 370cr in index future & net buyers of 76cr in stock future.