Deven Choksey, KR Choksey Securities: The market rallied on the back of technical short covering yesterday. Reliance and TCS results are not likely to lift sentiment. The market seems to have moved its trading range higher. Can buy Reliance Industries at 10% lower levels.
Hemant Thukral, Asian Markets Securities: Unwinding of 5000 call and market closing above 5000 mark is a positive sign. 4950 is seen as a strong support level. Technology stocks may see some profit booking. Reliance may see some unwinding but can buy at 2600. ADAG stocks like Rel Comm and Rel Cap have seen good buildup.
VK Sharma, Anagram Stock Broking: Profit booking is expected today especially in TCS and Reliance Industries after their lacklustre results. The Nifty must close above the 5050 mark for the rally to remain intact. Support for the index is seen at 4958.