Nifty (4942) Sup 4850 Res 5000

Today, we expect the market to open on a cautious note after Friday's surprising rally and on mixed global cues. Though indicators from the technical and derivative side are encouraging, weak fundamentals (both locally as well as globally) and erratic behaviour of the FIIs will keep the market on tenterhooks. The upcoming quarterly results will be keenly followed for ascertaining the impact on future earnings growth. Given the year end considerations, mutual funds may do their best to prevent a slide in their counters today.