Cues for today Global: Positive
F&O: Positive
FII : Negative
Metal: Neutral
Oil Price: Neutral
10 Y Bond: Neutral
Rupee: Neutral
Overall: Positive
Trade Setup
Indian markets seen opening higher due to positive Asia cues
Yesterday's Recovery premise rests on hopes of relief on FPI taxation issue
Index Setup
Material increase in Nifty Fut. OI was missing since some time, OI jumped by 5% on Thursday
Strong put writing at 10800-900 with long build up in Nifty futures is positive for bulls
Nifty Resistance at 11250, 11130; Support at 10930, 10850
Bank Nifty Resistance at 28400, 28580 Support at 27830, 28000
Strong put writing seen at 27500-27700 strikes, Future OI jumped by 3% for Bank Nifty
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