Indian Equities to open Higher

SGX Nifty indicating a positive opening for the Indian markets.Global markets

Asian markets are zooming higher backed by strong global cues.

Hong Kong’s Hang Seng index breaks the important level of 30,000 in its opening while all the other indices are trading near day’s high with Nikkei up 0.77%, Shanghai Composite up 0.7%.

US: Markets witnessed a stellar rally in yesterday’s trade with all the major indices ending the day on a positive note.

The Dow climbed up 160 points to 23,590 level, the Nasdaq edged up 72 points or 1.05% to 6,862.48.

Europe also managed to close in the green yesterday with FTSE up 0.30%, CAC up 0.48%, DAX up 0.83%.

FII /DII Data: In yesterday’s trade FII’s sold 729 crores stock in the cash market whereas DII’s bought 825 crores worth of stock.

Support / Resistance: Intraday
Nifty: 10298
S1 – 103050 S2-10300
R1  10420 R2 -10500
Support / Resistance: Intraday
Bank Nifty: 25728
S1 – 25700 S2-25600
R1 – 25900 R2 -26000

Securities in Ban Period: DHFL, DLF, HDIL, ICIL,  INFIBEAM, JISLJALEQS, JPASSOCIAT, JUSTDIAL ,JSWENERGY, KSCL, RCOM, RELCAPITAL, TV18BRDCST, WOCKPHARMA.