Indian market is likely to open on cautious note today. Yesterday, market ended in green amid little bit profit booking across the index pivotals. BSE sensex closed at 14402.90 up by 47.35 points while Nifty was up by 18.35 points to close at 4164.55. The outlook for the market is guarded optimism and volatile on back of expiry of F& O contracts on 22nd February2007.
The major stock markets in Asia are trading mixed on Tuesday. Nikkei 225 index was slipping 98.71 points at 17,841.38. South Korea Seoul composite was flat at 1449.77 while Straits Times was trading 15.56 points down at 3236.93. London Brent Oil prices rose 31 cents to $58.45 a barrel.
Today, Nifty has support at 4,135 and resistance at 4,185 and BSE Sensex has support at 14,285 and resistance at 14,580. However, it is our advice to watch trading session carefully.
FIIs were net sellers to the tune of Rs6crores in equity (provisional) on 19th February 2007. Mutual funds were net purchasers to the tune of Rs104.88crores in equity (provisional) on 15th February 2007.
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