@AlliesFin
Nifty expected to open higher on the back of strong equity cues from global markets.
Watch for a breakout point of 10827 before putting new money at work. For bank nifty a sustained move above 22479 is crucial for a rally to unfold.
US markets rallied on Friday with Dow leading the chart with almost 1.5% gains, Nasdaq that remained a marked underperformer, once again had a new record close. Russell 2000 also moved higher by almost 1.8% Cboe vix declined back towards 27, but still remains at elevated levels, dollar index declined towards 96.6 and US 10 year bonds trades near 0.64.
Crude futures are trading with some gains with WTI trading near 41 and Brent above 43.
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