Market may open positive

The gains in overnight US indices and strong ongoing asian indices help domestic market to witness further uptrend on the back of a bullish sentiment. The Nifty could rise further to 3960-3970 level on the upside while it has a crucial support at 3910 on the downside. The Sensex has resistance at 13625 and support at 13560.

US indices registered gains, while the Dow Jones closed above the level at 12227, up 90 points, while the Nasdaq moved up by 19 points to close at 2432.

Indian floats, too, were upbeat on strong domestic and US markets. Except MTNL, other Indian ADRs ended at higher levels. Dr Reddy led the upmove and surged 2.49% while HDFC Bank gained 2.18%, Infosys, Satyam, VSNL, Patni, Tata Motors and ICICI Bank gained over 1% each.

Crude oil prices in the international market gained further, with the Nymex crude oil for January delivery advanced by $1.47 to close at $62.46 a barrel and in the commodity segment, the Comex gold lost $1.90 to settle at $641.80 respectively.