Market may open in green

The gains in overnight US indices and strong ongoing asian indices helps domestic market to witness uptrend on the back of a bullish sentiment. The Nifty could rise to 4000 level on the upside while it has a crucial support at 3930 on the downside. The Sensex has a likely support at 13650 and resistance at 13900.

US indices registered gains, with the Dow Jones closing above the level at 12307, up 29 points, while the Nasdaq moving up by 10 points to close at 2437.

Indian floats trading on the US bourses were traded mixed. Dr Reddy was the lead performer and soared 1.06% while wipro rose over 0.57%. Infosys and Satyam gained marginally. However, Tata Motors declined 2.55%, ICICI Bank down by 2.98%, VSNL loss by 2.48% and MTNL declined by 2.33%. While Rediff, Patni Compuetrs ended with steady losses.

In the crude oil front, the Nymex light crude oil for January series lost 46 cents to close at $62.03 per barrel. The bullion Comex gold for February delivery down by $6 cents to settle at $631 respectively.