 "Pre-market: Range bound trades seen")
The markets are likely to trade rangebound in this special trading session today between 11am – 1pm.
US stocks ended modestly higher on Friday, registering a third straight weekly advance. The Dow Jones industrial average gained 0.24 per cent 15,118 according to the latest available figures. The Standard & Poor's 500 Index rose 0.43 per cent to 1,634 levels.
The Nifty rose on Friday to its highest close since January 2011, as ITC rose to a record on expectations foreign investors will continue to scoop up domestic blue chips, while Maruti Suzuki surged after the yen slid against the dollar.
The Nifty has gained 2.5 per cent this week, marking its fourth consecutive weekly gain as part of a global market rally that has sent US indices to record highs as easier global monetary policy sparks flows into riskier assets.
Technically, Nifty has formed the long bullish candle on Friday which indicates aggressive buying. It is likely to seek support around 6050-6020 and on the upper side, and may face resistance around 6150-6180 for special trading day today, said Mudit Goyal, a technical analyst at SMC Global.
Among individual stocks, keep a tab on IOC as reports suggest that the company is likely to hike diesel prices by Re 1 per cent from Saturday.
Reliance Communications reported 8.7 per cent fall in its March quarter net profit to Rs 303 crore.
NTPC, on the other hand, reported a 69 per cent jump in net profit for the quarter ended March, owing to the settlement of past dues of power sales.
US stocks ended modestly higher on Friday, registering a third straight weekly advance. The Dow Jones industrial average gained 0.24 per cent 15,118 according to the latest available figures. The Standard & Poor's 500 Index rose 0.43 per cent to 1,634 levels.
The Nifty rose on Friday to its highest close since January 2011, as ITC rose to a record on expectations foreign investors will continue to scoop up domestic blue chips, while Maruti Suzuki surged after the yen slid against the dollar.
The Nifty has gained 2.5 per cent this week, marking its fourth consecutive weekly gain as part of a global market rally that has sent US indices to record highs as easier global monetary policy sparks flows into riskier assets.
Technically, Nifty has formed the long bullish candle on Friday which indicates aggressive buying. It is likely to seek support around 6050-6020 and on the upper side, and may face resistance around 6150-6180 for special trading day today, said Mudit Goyal, a technical analyst at SMC Global.
Among individual stocks, keep a tab on IOC as reports suggest that the company is likely to hike diesel prices by Re 1 per cent from Saturday.
Reliance Communications reported 8.7 per cent fall in its March quarter net profit to Rs 303 crore.
NTPC, on the other hand, reported a 69 per cent jump in net profit for the quarter ended March, owing to the settlement of past dues of power sales.