@ALLIESFIN
Nifty expected to open flat to positive as overnight strength in US markets is offset by weakness in futures.
Watch 10695 - 10752 as near term supply zone for Nifty and 10553- 10595 as support zone.
Watch for 21212 support for Bank Nifty to regain some upward momentum.
Also watch for weekly options related volatility for the day.
US markets rallied further on Wednesday as the push and pull of close down and reopen weighed on the investor sentiments. Markets also gained on the optimism of a vaccine and early result trends that were better than anticipated.
All the three major indices moved higher by 0.6% to 0.9% but there was a big 3.5% move on Russell 2000 that outperformed by a margin.
With current move Dow is now 5.85% down ytd, S&P close to flat and Nasdaq in positive territory.
Crude futures also moved higher on the optimism on economic recovery with WTI moving above 41 and Brent near 44.
US 10 year remained flat near 0.63, vix fell below 28 (still not in comfort zone), dollar index trading near 96.
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