Market may remain positive

Although the index gained nearly half percent in yesterday's trades, the market is likely to exhibit side-ways movement on the back of a strong intra-day volatility. The Asian indices, notably the Nikkie 225 index (up 0.25%) and the Jakarta Composite (up 0.98%) during intra-day trades, may help the domestic indices open on a strong note. The US market was closed yesterday on account of Martin Luther King Jr.'s Birthday.

Among the domestic indices, the Nifty could test its recent high on 4100 on the upside while it has likely supports at 4040 on the downside. The Sensex has a likely support at 14100 and could face resistance at 14200.

Results to be announced today are Asahi Fibres Ltd, Baroda Extrusion Ltd, Batliboi Ltd, Can Fin Homes Ltd, ETC Networks Ltd, Explicit Finance Ltd, Ficom Organics Ltd, G L Hotels Ltd, H T Media Ltd, Jubilant Organosys Ltd, Jyoti Ltd, K S Oils Ltd, Kamanwala Housing Construction Ltd, Lok Housing & Constructions Ltd, Multiplus Holdings Ltd, Patel Engineering Ltd, Paushak Ltd, Prime Securities Ltd, Prism Cement Ltd, S S Organics Ltd, Shardul Securities Ltd, Siro Plast Ltd, State Bank Of Travancore, Swastika Fin-Lease Ltd, Tripex Overseas Ltd, Vinyl Chemicals (I) Ltd, Walchand Peoplefirst Ltd, Wipro Ltd