Yesterday: As we said Market opened flat to positive & continuously march towards 5100. Yesterday was a day of bank nifty which almost went up by 4% led by SBI & ICICI. RIL also support the market as well.

Today: Indian Stock Market would open flat to bit negative side as we are expecting some amount of profit booking in the market. But overall market would remain bullish only as still FII are huge buyers in the cash as well as in the F&O market. We would see stock specific action as yesterday we have seen in SBI & ICICI. We also feel that this is the time to book profit especially in the small & madcap. One should also watch out for Bharti as it would have short term positive effect due to MTM deal

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BSE Sensex: (17127) The support for the Sensex is 16900 and the resistance to the up move is at 17250.

NSE Nifty: (5084) The support for the Nifty is at 5050 and the resistance to the up move is at 5150.

F&O Cues: FII were net sellers of 444cr in index future & net sellers of 487cr in stock future.