Yesterday: As we said Market opened with big up opening & went down sharply led by telecom sector as TRAI decision likely to affect profit of the companies but as we said when market reached nearer to it’s support level it went up n closed above the level 5000.

Today: Indian Stock Market would open with positive gap as global markets are also looks good so far nifty manages to close above physiological mark of 5000 mark but now again market it’s in resistive zone so we may see volatility in the market.

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BSE Sensex: (16959) The support for the Sensex is 16800 and the resistance to the up move is at 17200.

NSE Nifty: (5027) The support for the Nifty is at 5000 and the resistance to the up move is at 5050.

F&O Cues: FII were net sellers of 241cr in index future & net sellers of 714cr in stock future.