The outlook for the markets today seems to be muted with a blend of positive and negative news:1) Wall Street indices closed lower on higher crude prices2) Asian markets weak tracking Wall Street moves3) Big M&A deal - Vedanta to buy 51% Mitsui stake in Sesa Goa for $981 million, to make open offer around Rs 2,036/shr4) Credit Policy announcement by RBI Governor Dr. Y V Reddy at 12.00 p.m5) Big Results - HDFC Bank, Maruti and MTNL...The mood-setter would definitely be the RBI announcements - Will Reddy hike rates in the central bank's war on inflation? Or will it hold?Chart-wise, the Sensex has a major support at 13,825 below which the mood turns bearish. On the upside, the first resistance is around 13,992, and the mood turns bullish once the index is above 14,032.Get set for an action-packed session, and invest safely!
