Angel Broking : “The trend deciding level for the day is 18,283/5,488 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,384–18,500/5,519-5,552 levels. However, if NIFTY trades below 18,283/5,488 levels for the first half-an-hour of trade then it may correct up to 18,168-18,067/5,455-5,424 levels.’’

Sushil Finance : “We expect markets to open slightly weak, tracking losses in the US markets. The RBI mid-quarter policy meeting and May inflation data due this week will set the direction for the market. Trades will be volatile and stock-specific action will be seen. Resistance is seen at 5,499 levels and support is seen at 5,458 levels. Stocks to watch: NTPC, Camlin, IOC, Tata Comm, Provogue.

Data Watch: Japan Retail Sales, US Inventories and Retail Sales.