Indian stocks are expected to open in the green, with Wall Street overnight notching up fresh all-time highs even as Asian shares were trading mixed early.
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At the time of writing, the SGX Nifty in Singapore was trading 14 points, or 0.16 percent, higher to 8,835.
However, gains will likely be capped as the strength in the US dollar and a slew of earnings data will keep the market on its toes.
Yesterday, shares ended flat amid a slew of economic (CPI) and earnings data releases, and as company-specific news, such as on Infosys, trickled in.
Infosys may continue to stay volatile as the board and founders continue to discuss their issues in public.
Technically, the Nifty is expected to find resistance and support level at the
MARKET TREND:- POSITIVE,
NIFTY FUTURE - RESISTANCE 1 - 8852.00,
RESISTANCE 2 - 8890.00,
SUPPORT 1 - 8770.00,
SUPPORT 2 - 8645.00.
BANK NIFTY FUTURE - RESISTANCE 1 - 20386.00,
RESISTANCE 2 - 20715.00,
SUPPORT 1 - 20158.00,
SUPPORT 2 - 19800.00.
In earnings, Sun Pharma, JSPL and SpiceJet, among others, are slated to post numbers.