Yesterday: As we said Nifty opened with a good positive note but as it reaches to its resistance level it came under little pressure but still it manages to close above 4958.

Today: Indian Stock Market would open with positive gap as global markets are quite supportive it would be interesting to see whether nifty would touch the mark of 5000 or not. But history normally tells that when we are nearer to our resistive psychological mark nifty took two-three days to crossed & sustain above that level.

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BSE Sensex: (16677) The support for the Sensex is 16500 and the resistance to the up move is at 17000.

NSE Nifty: (4958) The support for the Nifty is at 4800 and the resistance to the up move is at 5014 

F&O Cues: FII were net buyers of 335 cr in index future & buyers of 433 cr in stock future.