Last trading session: As predicted by us Indian Market opened with big gap up and managed to close above psylogical point of 4970 mark for Nifty.

Today: Overall Indian stock market is in uptrend for now. Market is supposed to open in flat to positive region but some downtrend is expected but still we would say that market would be in uprend until it holds the 4900 mark for Nifty. 

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BSE Sensex: (16811) The support for the Sensex is 16800-16500 and the resistance to the up move is at 17200.

NSE Nifty: (4997) The support for the Nifty is at 4950 and the resistance to the up move is at 5050-5100.