Yesterday: Market opened up n during most of the day market stayed above a level of 4900.

Today: Indian Stock Market would open flat as global cues are quite steady. On the nifty side 4950 would be the important level to be watch out for. I would be short on the nifty at these levels with tight stop loss with a target of 4920-4900.

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BSE Sensex: (16428) The support for the Sensex is 16200 and the resistance to the up move is at 16500

NSE Nifty: (4914) The support for the Nifty is at 4000 and the resistance to the up move is at 4950

F&O Cues: FII were net buyers of 806cr in index future & net buyers of 263cr in stock future.