Angel Broking : The trend deciding level for the day is 18,596/5,584 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,866–19,114/5,670–5,741 levels. However, if Nifty trades below 18,596/5,584 levels for the first half-an-hour of trade then it may correct up to 18,348–18,079/5,513–5,427 levels.
Sushil Finance : Markets may see a flat to slightly weak opening, but shares of TCS’ may gain on better-than-expected April-June earnings. Market participants expect the upside to be limited due to profit-booking on caution ahead of the weekend. Resistance is seen at 5,618 levels and support is seen at 5,582 levels. Results watch : JK Paper, Gujarat NRE Coke. Data watch : EU foreign trade, US CPI.