Sushil Finance: Indices are seen gaining around 1 per cent at open as the US lawmakers have reached a debt deal to avoid default.
Investors will watch for any positive steps from the Government in the monsoon session of Parliament, which begins today, which could provide some interim relief to the market.
Resistance is seen at 5,497 levels and support is seen at 5,468 levels. Results watch: Pfizer, Havells, Indraprastha Gas, Shree Cement, Sun TV, Tube Investments, Triveni Engineering. Data watch: India’s trade data, India’s Mfg PMI, US construction spending, Eurozone Mfg PMI, UK Mfg PMI.
Angel Broking : The trend deciding level for the day is 18,221/5,485 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 18,310-18,424/5,517-5,552 levels. However, if Nifty trades below 18,221/5,485 levels for the first half-an-hour of trade then it may correct up to 18,108-18,019/5,451-5,419 levels.