Last Trading Session: Market opened with a positive gap and closed above 5250.

Today: Indian Stock Market likely to see a gap down opening. Market would be rangebound till budget where the upper side would be 4920 for Nifty and lower side would be 4700. Profit booking would surely be there.

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BSE Sensex: (16328) The support for the Sensex is 16225 and the resistance to the up move is at 16470.

NSE Nifty: (4888) The support for the Nifty is at 4850 and the resistance to the up move is at 4920-4970.