Thursday, July 5, 2007

Pre Open Market Commentary

Indian market is likely to have positive opening as the Asian markets is trading higher. On Wednesday, the Indian markets closed in positive, as BSE Sensex closed higher by 73.73 points at 14,880.24 while Nifty increased marginally by 1.75 points to close at 4,359.30. We expect the market to be range bound during the trading session.

The major stock markets in Asia are trading strong. The Nikkei 225 increased by 100.11 points to trade at 18,268.83 Hang Seng index trading higher by 32.43 points at 22,250.98. Strait Times index advanced by 12.60 points to trade at 3,567.45. South Korea Seoul composite trading higher by 21.68 points at 1,860.09.

Today, Nifty has support at 4,315 and resistance at 4,400 and BSE Sensex has support at 14,750 and resistance at 15,000.

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