Stocks on the Wall Street put forth a modest gain Monday as investors sentiments were weighed by earnings reports and lingering crisis in Europe.
Domestic stock indices are seen opening flat to slightly up on positive global cues, but gains may be limited due to lack of any major local triggers. The trading range for NSE Nifty for the morning session may be between the support at 4736 and the Critical level on upside at 4784.A clear trend may be seen once the market moves out of this consolidation range. If the benchmark stabilizes above 4784,it can move towards the resistance at 4802.Above this level, fresh long positions can bring the index towards the next target at 4834.However if the index loses its support at 4736, the sentiment can turn down once again which may drag the benchmark towards the lower support at 4697
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