Pre-Market: Market may see a flat opening

The Indian markets may open flat on the back of flattish cues from the Asian markets. The opening indicator SGX Nifty is flat at 5,437 up three points. After a quiet closing yesterday inspite of the gains in heavyweights L&T and Ashok Leyland, the underlying trend seems to be negative.

Cigarette maker ITC is set to announce its quarterly numbers today. So there may be some activity in that space.

Angel Broking in its market outlook states that the trend deciding level for the day is 18,133/5,431 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,207–18,273/5,450–5,472 levels. However, if NIFTY trades below 18,133/5,431 levels for the first half-an-hour of trade then it may
correct up to 18,067–17,992/5,409–5,389 levels.