Market Outlook: Indian markets may have flat to positive opening today. Nifty supports seen between 4150-4200 & resistances are at 4330-4370 levels. We expect the positive momentum to continue till expiry. However, the rally seems overdone and markets may see a consolidation phase before moving further. Booking profits at higher levels would be the call for the day.
Nifty Outlook: Pivot Point: 4246
R1: 4262, R2: 4285, R3: 4301
S1: 4223, S2: 4207, S3: 4184
Results today: Tata Communications, NIIT Tech, Cummins India, Brigade Enterprises, Gabriel India, GMR Ferro, GMR Industries, Harrisons Malayalam, Subex
Indian GDRs: Satyam up 12.5%, L&T gains 9.7%, ICICI Bank gained 5.32% while GAIL was down 6.67% & ITC was down 3.26%
On the global face US markets were closed while Asian markets trading mixed; Nikkei down
Nifty Outlook: Pivot Point: 4246
R1: 4262, R2: 4285, R3: 4301
S1: 4223, S2: 4207, S3: 4184
Results today: Tata Communications, NIIT Tech, Cummins India, Brigade Enterprises, Gabriel India, GMR Ferro, GMR Industries, Harrisons Malayalam, Subex
Indian GDRs: Satyam up 12.5%, L&T gains 9.7%, ICICI Bank gained 5.32% while GAIL was down 6.67% & ITC was down 3.26%
On the global face US markets were closed while Asian markets trading mixed; Nikkei down
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