Yesterday: As we predicted, Indian Stock Market open in green and went down due to profit booking. It recovered sharply again and closed flat.

Today: Indian Stock Market is expected to open in negative zone due to weak global cues and expected to be a range bound through out the day. But we would not like to trade unless nifty shows clear movement on either side.

BSE Sensex: (14871) The support for the Sensex is 14650 and the resistance to the up move is at 15000.          

NSE Nifty: (4531) the support for the Nifty is at 4500 and the resistance to the up move is at 4549.

Data to watch out: Inflation

Results:

GMR Infra, Power Finance, Sundram Fast

F&O Cues:

FII net bought 375 cr in Index Future and net sellers of 278 cr in stock futures.

Stock to watch out:

Lakshmi Energy & Foods, Hinddorrol