Today,we expect a marginally positive opening for Indian markets and a choppy day. Most players will prefer to stay cautious due to uncertainty over the outcome of elections. Technically, 3720 is seen as a key resistance for the Nifty while support is expected at around 3600.
One should brace for a sideways trading week without any definite moves on either side due to anxiety about the election results. Some experts are suggesting caution as valuations have run up too fast without a significant change in fundamentals. Though the overall sentiment is upbeat, one should not get complacent as some correction is likely to set in after the stupendous gains of the past couple of months.
Asian markets are flat after opening high.
