Yesterday:  Indian Stock Market opened with a positive note and corrected sharply in the afternoon session.

Today: Indian Stock Market will likely to open in negative zone due to weak global cues. One should be watch out for an important support of 11500. If you haven’t gone through EquityPandit.com analysis  Effect of Election Mania on Indian Stock Market, we would recommend you to go through it once before election results are out.

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BSE Sensex: (11683) The support for the Sensex is 11500-11380 and the resistance to the up move is at 11900.

NSE Nifty: (3554) the support for the Nifty is at 3500 and the resistance to the up move is at 3600.

Data to watch: IIP numbers