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The market is likely to open on a positive note taking cues from the firm global market. Asian stocks rose, with the key regional index headed for its highest close in two weeks, amid signs Greece may avoid a default on its debts, lessening the risk to bank earnings, and after commodity prices advanced. Earlier US and European markets also closed more than half a percent higher than previous day closing.
According to provisional figures, foreign institutional investors (FIIs) bought shares worth a net Rs 819.41 crore on Tuesday, (June 28). Domestic institutional investors sold shares worth Rs 575.06 crore on that day.
Angel Broking: The trend deciding level for the day is 18,448/5,533 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,572–18,652/5,570–5,595 levels. However, if Nifty trades below 18,448/5,533 levels for the first half-an-hour of trade then it may correct up to 18,368–18,244/5,508–5,471 levels.
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