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Pre-Market: Nifty may witness a flat opening

SI Reporter  |  Mumbai 

The Indian may open on a flat note as the Asian are largely trading flat and the SGX Nifty too is flatish at 5,814 gaining four points.

" The market saw the up tick as expected and traded in the green for the better part of the day yesterday. Now 5689 is a strong support to deal with and beyond that it is 5618", says Prakash Gaba, a Mumbai based technical analyst.

On the Asian front, Hong Kong shares advanced after earnings optimism helped lift stocks on Wall Street, with energy producers extending their gains following a sharp rise in crude-oil prices. The index is up 0.8% at 23,961. The other major gainer in the trades is Jakarta Composite adding 1%.

KLSE Composite, Straits Times,Seoul Composite are all flat while Shanghai Composite, Nikkei and Taiwan Weighted gained between 0.4% - 0.5%.

The stocks to watch today are Infosys, Reliance Commumnications, Apollo Tyres, Hindustan Zinc and Bharti Airtel

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First Published: Wed, January 12 2011. 08:29 IST