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Last Trading Session: Market opened negative as global cues are very quite but went up sharply led by good IIP nos which came above expectation of the market but market couldn’t hold that gain and just closed at it’s support of 4950

Today: Today Indian stock market would open negative as global markets are quite negative to flattish today morning. Overall structure of the market is up but some more dip can not be ruled out n market should not break 4900 mark on the down side else technically market would become much weaker in the days to come.

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BSE Sensex: (16696) The support for the Sensex is 16600 and the resistance to the up move is at 17000.

NSE Nifty: (4953) The support for the Nifty is at 4900 and the resistance to the up move is at 5040.