On the Indian Stock market.

The immediate support for today is at 5241 which if breached may see the benchmark index slide down to 5194 & 5163. However if the support of 5241 holds then the immediate resistance is at 5301 which if conquered may see it face further resistances at 5362 & 5380.
Our outlook for the day is that the index will continue to be weak and probably may show a few spikes up.
Trades and investors are advised to stay away till clear signals emerge although we still are very much in bear markets.