The Nifty ended Tuesday at 4,356 after making a gaining 17 points and the Sensex closed the day at 14,937, up 30 points. Asian markets are trading in the green. Presently, the crude is trading down at 0.19 at 72.23 a barrel on the Nymex.

Ashu Madan of Religare alleged that no special skill is necessary to estimate the markets opening.

“Whenever the market has had a gap-down opening it has always been sustained. However, when it has a gap-up opening it does away with the gains. There are some sections in the market, which are wary of things. Something fishy is happening in the US and I expect to see some more skeletons rolling out,” he added.

Technical Analyst, Ashwani Gujral has suggested a positive support for

According to Technical Analyst Ashwani Gujral, Reliance Energy can surely touch Rs 900. He suggests investors to hold the stock for hefty gains within few months.

Gujral told, “Hindalco remained a weak sort of metals stock and it’s probably in a range of Rs 145 to about Rs 185. Metals overall have weakened, commodity prices have taken ahead because of all of this.”

Anil Manghnani of Modern Shares & Stock Brokers is of the view that above Rs 184, ITC can test Rs 201.

Rahul Mohindar of Viratechindia suggested investors to buy India Cements on falls.  

Sachin Chandsarkar, senior dealer, Karvy Stock Broking, said that today stock market rested explosive because of short covering. NSE Nifty arose 50 points to 4,425, where nonstop selling pressure took place. Major performers comprise Titan Industries, Suzlon and Voltas.

Nifty based stocks saw less interest from dealers. There was no effort envisioned in stocks of Reliance Group. Because of good dispatch numbers by cement companies, buying was seen in ACC and Gujarat Ambuja.