Last Trading Session: Indian Stock Market closed positive and maintain its march ahead but corrected in the afternoon session mainly because of negative cues from European market. Anyhow, again RIL, ONGC, SBI saved the market and helped nifty to touch the level of 4650.

Today: Indian Stock Market is expected to open flat to negative as global cues are quiet but most important level to watch out for is 4550. As long as market holds that level we would be long. Some correction is expected in the market but next target for the market is 16000.

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BSE Sensex: (15670) The support for the Sensex is 15000 and the resistance to the up move is at 16000.

NSE Nifty: (4636) The support for the Nifty is at 4450 and the resistance to the up move is at 4700-4650.

F&O Cues: FII were net buyers of 190 crore in Index Future and buyers of 240 crore in stock futures.

Results to be declared today: Rolta