markets opened higher

As expected, markets opened higher and momentum on the upside intensified as the day progressed to close

near day's high. On the daily charts we are witnessing a positive crossover in the momentum indicators viz.

RSI, Stochastic. This suggests further upside .The indices are likely to test the all important resistance levels of

17351 / 5182 and if they can sustain above these levels, then indices may further rally to 17540 - 17600 / 5230 -

5250 levels. On the downside 17025 - 16950 / 5080 -5063 levels may act as a support for the day. Traders are

advised to adopt stock specific strategy going ahead.