Pre Open Market Commentary

Market is likely to open on positive note today. Yesterday, market opened higher and continued to trade steady on back of sustained buying interest seen across index pivotals in particulars Metal stocks. As a result market made another all time high. BSE sensex closed at 14,129.60 up by 73.10 points and Nifty was up by 25.95 points to close at 4078.40. Today market outlook will be guarded optimism and some profit booking likely to witness. Asian markets were trading mixed on Tuesday. Nikkei 225 index was adding 43.86 points to 17,253.78, Singapore''s Straits Times Index was trading at 3043.26, up 7.68 points KOSPI index was down 3.85 points to 1387.11. Oil price closed below $53 a barrel. Nifty has support at 4025 and resistance at 4,115 and BSE Sensex has support at 13,950 and resistance at 14,320. However, it is our advice to watch trading session carefully. FIIs were net purchasers to the tune of Rs 207.00 crores on 15th January 2007. Mutual Funds were net purchasers to the tune of Rs637.10 crores on 12th January 2007.