MARKET TODAY
Indian market is likely to open higher mirroring positive global cues.
Yesterday Indian market setback during the final hour of trade
following some weakness on the European bourses and lower US index
futures, the market managed to romp home on a positive note. Finally,
the Sensex rose 82 points to close at 9,149 and the Nifty rose 17
points to close at 2,783. Sustained selling by foreign institutional
investors continued to put pressure on market. Today Nifty is likely
to face resistance around 2808-2828-2848, while support on the
downside will be around 2760-2718-2704.



According to data released by the NSE, in the last session, FIIs were
net buyers of index futures to the tune of Rs 275.49 crore while sold
index options worth Rs 139.15 crore. They were net sellers of stock
futures to the tune of Rs 20.63 crore while bought stock options worth
Rs 145.43 crore.

More details http://www.16anna.com/morninignotes.aspx
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