Yesterday: Market opened with a positive bias and made its journey upwards regardless of all technical. But important thing is market not moved much means after opening there is not much movement in the market but still manages to close above 5100.

Today: Indian Stock Market would likely to open positive say around 100-150 points on the sensex n may continue its upward journey in the days to come. But as we said market is now slowing down. Yesterday we had seen only stock specific action but overall market is not responding so lets very cautions n wait till nifty reaches to it’s target of 5150.   

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BSE Sensex: (17231) The support for the Sensex is 17000 and the resistance to the up move is at 17500.

NSE Nifty: (5118) The support for the Nifty is at 5100 and the resistance to the up move is at 5154.

F&O Cues: FII were net buyers of 338cr in index future & net sellers of 336cr in stock future.