Markets likely to open positive

Today the markets are likely to open positive as the US markets closed with moderate gains and the Asian markets have rallied.Today markets are expected to rally along with asian peers.SGX Nifty is also showing positive gains at 2838 up 22 points.But on higher levels profit booking is advised.On Friday,markets opened higher on the back of positive Asian Markets.Further, market continued to gain ground on the back of sustained buying interest seen across board contributed mainly by US government aid for Bank of America.Buying was seen in Reality Oil & Gas, Power, Metal, PSU, Bank and Teck stocks. However, Reality stocks remained out of favour today.This rally is likely to continue and focus for this week will be on Reliance and ITC Quaterly result.