The NSE Nifty is likely to open higher today around 4996

Wednesday, January 18, 2012

The NSE Nifty is  likely to open higher today around 4996 due to the buy back announcement of Reliance. Action is likely to remain stock-specific as companies report their Oct-Dec earnings.If the benchmark stabilizes above 4996,then soon expect an upmove towards 5026.The overall mood remain strong as long as the index sustain above the Critical support level at 4931.Below this level,the support exists at 4904.