Last Trading Session: Market remained volatile and closed below our resistance of 5150 for Nifty.

Today: As predicted by us Indian Stock Market saw some support at 5030 levels. It has already cracked 5120 levels for Nifty. So Market looks week in upcoming days. Some uptrend can be seen but would again see some sharp downtrend. Very short term outlook seems to be down. But midterm to long term would be only up. So investors have patience and traders be cautious.

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BSE Sensex: (17088) The support for the Sensex is 16850 and the resistance to the up move is at 17275.

NSE Nifty: (5125) The support for the Nifty is at 5120-5030 and the resistance to the up move is at 5200-5280.