Last Trading Session: As predicted, Indian Stock Market went remain down through out the day and showed some recovery at the end.

Today: Market would still show some more downside near 4950. But still we would say that downtrend is very limited. Market would go up definitely once it stay for some time in lower region. Long term and mid term Investor should stay invested. Short term investor should book profits in stocks giving more than 10% profits, you may get lower price again. Trader should be cautious as sudden movement would be seen anytime. Take care of support and resistance levels.

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BSE Sensex: (16876) The support for the Sensex is 16750 and the resistance to the up move is at 17025-17250.

NSE Nifty: (5066) The support for the Nifty is at 4995-4950 and the resistance to the up move is at 5150-5250.