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Last Trading Session: Market opened with a bit positive gap n with a great surprise it hasn’t shown much movement through out the day suggesting that bear has created short position n bull doesn’t allow the bear to break the market. But interesting think was market closed above its major resistance of 5050.
Today: Today Indian stock market would open flat n it may see profit booking during the day as yesterday many FII created short position in Nifty future but again 5020 is a good support for the market n good buying opportunity generates at that level.
Note: Stocks to trade for F&O, intraday, short-term delivery, long term delivery and short selling and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.
BSE Sensex: (17033) The support for the Sensex is 16850 and the resistance to the up move is at 17200.
NSE Nifty: (5058) The support for the Nifty is at 5020 and the resistance to the up move is at 5100.
F&O Cues: FII are net sellers of 228cr in Nifty future & net sellers of 176cr in stock future