Given the current trend, Nifty is likely to open with a positive note today and may have a support level at 4872.53. If went further down it can touch 4835.01 or even 4771.23 at the bottom level. An upward movement can pull up to 4936.31. If moved up further can test 4973.83 and 5075.13.
The Dow Jones Industrial Average rose 37 points or 0.34%, to close at 10,854.65. NASDAQ Composite went up 3.54 points or 0.15%, to end at 2,345.38 and the S&P 500 Index closed at 1,123.82, up 0.29 points. European markets bounced back, after a steep sell-off last week. Political developments in Libya added to positive investor sentiment as oil companies look ahead to resume activities in the country. The Asian markets too opened in green and are currently in the positive territory.
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