Yesterday: As predicted by us, Indian Stock market open down with more than 1% and in second half it recovered again due to short covering. Sensex closed with 100 points down.

Today: Indian Stock Market is expected to open positive with almost 40 points in Nifty. It would be very interesting to see whether nifty would breach and trade above resistance of 4035. And if it closes above or nearer to that range 4100 is the next target on nifty.

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BSE Sensex: (13400) The support for the Sensex is 13000 and the resistance to the up move is at 13600. 

NSE Nifty: (3974) the support for the Nifty is at 3915 and the resistance to the up move is at 4035. 

F&O Cues: FII were net sellers of 272 crore in Index Future and buyer of 314 crore in stock futures.

Results to be declared today: HDFC Bank, J&K Bank, Power Finance Corporation, Syntex India, Blue Dart