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Angel Broking: The trend deciding level for the day is 18,825/5,666 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 18,979-19,086/5,715-5,750 levels. However, if Nifty trades below 18,825/5,666 levels for the first half-an-hour of trade then it may correct up to 18,717–18,563/5,631-5,582 levels.
SMC Global: The market is likely to open on a flat note taking cues from global markets. The Reserve Bank of India's 2011-2012 First Quarter Review of Monetary Policy due today at 11:00 IST will be closely watched.
Most of the Asian stocks rose as forecasts for higher earnings at companies from Canon Inc to Kao Corp countered concerns the deadlock on the US debt ceiling could derail the global economic recovery.
US stocks fell on Monday after congressional leaders failed to agree on a deal to raise the US debt limit and avoid default. As per provisional figures, foreign institutional investors (FIIs) bought shares worth a net Rs 315.72 crore on Monday. Domestic institutional investors bought shares worth Rs 224.25 crore.
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