The market may remain volatile

The market may witness cautious trend as US indices ended marginally down yesterday and Asian indices are exhibiting weak trends in the morning trades. Investors should maintain caution as profit taking at higher levels may pull down the market. Among the local indices the Nifty could test 4450 and 4380 on the downside while on the upper side it may move up to 4515. The Sensex has a likely support at 15250 and may face resistance at 15700.

Stocks slipped on Monday, as investors worried that the central bank won't cut interest rates by as much as they had hoped. While the Dow Jones ended in a negative at 13403 declined by 39 points, the Nasdaq down by 21 points at 2582.

U.S. crude advanced further on Monday on worries about rising demand amid tight world supplies heading into the winter heating oil season. with the Nymex light crude oil for October delivery adding $1.47 to close at $80.57 a barrel. In the commodity space, the Comex gold for December series gained $6 to settle at $723.80.