Pre Market Watch

Indian market is likely to have flat opening as the Asian Market are trading mixed. On Thursday, a lot of volatility is seen in the markets as the market opened with heavy gains and all of a sudden lost the momentum and fell but manages to pare most of its losses towards the end of the session. Finally, the Indian markets closed in a negative territory as BSE Sensex fell by 76.30 points to close at 18,526.32 and NSE Nifty closed lower by 41.7 points at 5,519.35. We expect that the profit booking may prevail in the market during the trading session but the annual inflation data, which is due today, may give directions on the latter half of the day.

Yesterday, the US market remains closed for the Thanks giving day.

The major stock markets in Asia are trading mixed. Hang Seng is trading strongly at 26,647.45 up by 642.53 points. Singapore Strait times is trading higher by 19.26 points at 3,332.14. Taiwan weighted is trading down by 13.71 points at 8,485.66 and Seoul Composite fell by 18.84 points to trade at 1,780.18.

Yesterday, FIIs stood as the net seller. The gross equity purchased was Rs.3,246.60 (in crores), and the gross debt purchased was Rs.0.00 (in crores) as against the gross equity sold was Rs.5,469.00 (in crores) and the gross debt sold was Rs.242.70 (in crores). The net investment of equity was -Rs2,222.40. (in crores) and the net debt investment was -Rs.242.70 (in crores).Today, Nifty has support at 5,412 and resistance at 5,598 and BSE Sensex has support at 18,130 and resistance at 18,729.