Yesterday: Was a day of Reliance where it took the market in the positive territory even though broader markets continue to be under performed. But important think is that market still manages to close above 4800 mark.

Today: Indian Stock Market would open positive as global markets are fairly opened up. Again all eyes are now set up on RIL without which nifty can’t cross its major resistance level of 4850. But overall market looks good & above 4850 target for the nifty is 5000.

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BSE Sensex: (16184) The support for the Sensex is 16000 and the resistance to the up move is at 16248-16404

NSE Nifty: (4814) The support for the Nifty is at 4780 and the resistance to the up move is at 4855

F&O Cues: FII were net buyers of 8cr in index future & net sellers of 51cr in stock futures.