Wall Street rallied Tuesday on a positive start to the U.S. earnings reporting season up heaved the blue-chip stocks to higher levels.
The Indian Markets are seen opening flat. The NSE Nifty is expected to put forth a range bound trade in the Morning session between Critical level at 4822 and the first resistance at 4858. After Tuesday’s strong rally, profit booking may hinder further positive momentum in the market above this level. On the downside, below Critical, further weakness can creep into the market which may drag the benchmark towards the first support at 4786. The Major Support for the Index may be at 4755.
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