Dalal Street will see a gap up opening today on positive global cues and Nifty after taking support at expected levels might see a bullish run in the next few days. Wall Street closed with decent gains while IPod/Ipad manufacterer Apple declared good numbers but pressure on margins which sent the futures down.
Asian markets in green
Taking a cue from the US markets Japanese bank shares pushed Nikkei to higher levels while Hangseng too is trading with good gains.
Dalal Street might start the upward journey
After a quick slide in the last three days with a big recovery yesterday, Dalal Street is all set to resume its upward journey. But we do not expect a run away rally for today. Bank stocks might get a cue from Asian peers.
Technically Nifty should close above 6200 for a big move. Reports of IOC planning to raise about Rs 19,000 crore might not gel well with the market but for now things look positive