Indian Stock Market would open flat. Some bounce back would be seen in the market but it would be temporary in nature.
Indian Stock Market is still in negative zone. Overall, the trade is in negative direction and traders should go short at every positive movement in the market.
FIIs were net sellers of Rs.675.32 crores whereas DIIs were net buyers of Rs.681.93 crores in last trading session.
Nifty would see strong support at 7725-7665-7576 whereas strong resistance would be seen at 7880-8000-8060-8105 levels.
NSE Nifty: (7786) The support for the Nifty is 7725-7665-7576 and the resistance to the up move is at 7880-8000-8060-8105 levels.
NSE BankNifty: (16530) The support for BankNifty is at 16435-16269-15950-15800 and the resistance to the up move is at 16740-16911-17390-17520 levels.
BSE Sensex: (25696) The support for the Sensex is at 25500-25232-25020-24890 and the resistance to the up move is at 25880-26011-26150 levels.